The European Commission has launched an investigation into Chinese firms alleged “dumping” solar panels into the EU market.
It follows complaints from a group of European companies, which was reportedly led by German firm Solarworld. They said Chinese solar producers have been selling panels below market value in Europe.
In a report, the European Commission said: “The investigation will determine whether the product under investigation originating in the country concerned is being dumped and whether the dumped imports have caused injury to the Union industry. If the conclusions are affirmative, the investigation will examine whether the imposition of measures would not be against the Union interest.”
Earlier this year the US Government also imposed tariffs on solar imports from China due to concerns about Chinese firms “flooding” the American market.
Following the EU’s investigation, Chinese reports claim the nation’s Ministry of Commerce expressed “deep regret” saying it would harm the development of the global clean energy industry.
Spokesperson Shen Danyang said: “China called for communication and cooperation many times to solve the solar dispute between China and the Europe, but the European Commission still announced they would start an investigation, for which we feel deeply saddened.
“It is not too late to fix the mistake. To limit the export of China’s solar products to Europe will harm the interests of both sides because of the interdependent and mutually beneficial relationship between the solar industries in China and Europe.”
He urged the EU to “seriously consider China’s position and proposals and resolve friction over the solar panel trade through consultations and cooperation.”
China exported around €21 billion (£17 billion) worth of solar panels and components to the EU last year.