EU Solar-Panel Industry Loses Bid to Revamp China Price Pact
- Chinese prices will remain part of international benchmark
- European Commission closes review of minimum import price
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European Union solar-panel makers lost a bid to exclude Chinese prices in a benchmark that underpins an agreement to curb imports from China, a blow to producers such as Solarworld AG concerned about a possible downward price spiral in Europe.
The European Commission said it closed a review into a minimum import price that is adjusted quarterly on the basis of international spot prices for solar panels including Chinese prices “as reported by the Bloomberg database.” The commission said Chinese producers, which represent almost 80 percent of the global solar market, are too important to exclude from the benchmark and no changes to it are warranted.