China Clean Energy Stocks Drop as EU Launches Subsidy Probes
A solar power plant co-owned by Longi Green Energy Technology Co.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Shares of China’s leading wind and solar manufacturers fell on Wednesday after the European Union announced two separate probes under legislation aimed at protecting the bloc’s producers from state-funded foreign rivals.
Wind turbine producer Ming Yang Smart Energy Group lost as much as 4.2%, solar manufacturer Longi Green Energy Technology Co. fell as much as 3%, while top wind equipment maker Goldwind Science & Technology Co. dropped as much as 2%. The wider Shanghai Shenzen CSI 300 index declined 1.2%.