The EU Commission will launch a new investigation into whether Chinese wind turbine suppliers have an unfair advantage in the European market through subsidies.
Image from “THE IRISH TIMES”
Margrethe Vestager, the EU’s competition chief, said Tuesday that the probe would look into the development of wind farms in Spain, Greece, France, Romania and Bulgaria. She did not disclose the names of the relevant companies in his speech.
The European Commission has initiated an investigation into whether tariffs should be imposed on electric cars imported from China, stating that there is evidence indicating that Chinese electric cars benefit from government subsidies.
“It is only natural that the (EU Commission) use the tools at its disposal to restore fair and open competition on the market,” said WindEurope Chief Policy Officer Pierre Tardieu. European manufacturers were banned from using state-backed financing to shore up their bids by offering cheaper prices or deferring payments under OECD free trade rules, Tardieu added on a conference call.
The wind power investigation will be under new EU powers which have allowed the Commission since July 2023 to assess whether foreign subsidies allow companies to submit overly advantageous offers in public tenders. Shares in Vestas, which declined to comment, closed 0.7% higher. A Siemens Energy spokesperson also declined to comment on the EU investigation, but said that all market participants needed a level playing field.
According to foreign media reports, on the morning of July 30, a serious freight train derailment occurred near the Jalisco-Michoacán border. Dozens of freight containers were scattered around the railway tracks. This is the second train derailment in the region this year. On January 31, a similar accident occurred, resulting in three injuries and a…
In March 2024, US container imports increased by 0.4% compared to February, indicating a continued recovery in trade imports, with a 15.7% growth compared to the same period in 2023.Compared to February 2024, imports also continued to decline due to the impact of the Chinese Lunar New Year. Import volumes at the Port of Los…
On August 20th, Yang Ming Marine Transport Corp. officially announced on its website that its vessel, YM Mobility, suffered a bow fire incident while operating at Ningbo Port on August 9th. To protect the common interests of the vessel and all its property, Yang Ming Marine Transport Corp. has declared the incident as a General…
01 Customs inspection status Houston: random inspection, for the value of goods, the importer more questions, the inspection time will be delayed about 1 week. New York: random inspection, for the value of goods, CPS, FDA more problems. Los Angeles: random inspection, for the value of goods, the importer more problems. Oakland: random inspection, for the value…
A while ago, Amazon released five new requirements for product listings, including restrictions on special characters, emojis, and certain phrases, such as guarantees related to refunds. If sellers don’t comply with these requirements, Amazon will use AI to optimize their listings. Just as sellers were busy updating their listings to meet these five new requirements,…
On September 2, a severe oil spill occurred at the Port of La Luz in Gran Canaria, Spain. During a refueling operation, approximately three tons of very low sulfur fuel leaked into the sea from a cargo ship, creating a large oil slick that quickly spread, leading to the closure of several beaches. The oil…
