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EU launches investigation into Chinese-funded consortium suspected of accepting subsidies when bidding for optoelectronic parks

The European Union (EU) today announced it will investigate two Chinese-funded solar panel consortiums on suspicion of accepting subsidies. The EU is concerned that accepting subsidies would enable the two Chinese-funded consortia to bid at a lower price.European UnionEnterprise.

Agence France-Presse reported that the investigation was carried out in accordance with new rules that took effect in July last year and were aimed at preventing foreign subsidies from undermining fair competition in the 27-nation European Union.

The European Commission said: “The Commission will assess whether the economic operators concerned have indeed benefited from an unfair advantage in winning EU public contracts.”

Two consortia are under investigation, one involving Romania’s Enevo Group and China’s Longyigreen energytechnology companyGermanySubsidiaries. LONGi is the world’s largest solar panel manufacturer.

The second consortium is composed of two subsidiaries that are wholly owned and controlled by Shanghai Electric Group, a Chinese state-owned enterprise.

Last year, according to new rules in EU public procurement tenders, if the total contract value exceeds 250 million euros and the bidding company has received at least 4 million euros in foreign financial contributions in the last three years, The company must inform the European Commission. ,

A statement from the European Commission said: “The European Commission considers that it is appropriate to launch an in-depth investigation of both bidders as there are sufficient indications that both bidders received foreign subsidies that distorted the EU internal market “

The two consortia have applied for the design, construction and operation of a photovoltaic park in Romania with an installed capacity of 110 MW, part of which is financed by the EU.

International(tagstotranslate)EU

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