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EU/China: Regs, solar panel makers end quarrel, agree on price floor

 |  January 22, 2014

A longstanding feud between EU regulators and Chinese manufacturers of solar panels has ended with an agreement of minimum prices companies must sell their panels for within Europe, say reports. Following weeks of discussion, EU Trade Commissioner Karel De Gucht has described the agreement as one “both the EU and China were looking for.” Disagreements began over Chinese companies selling their solar panel products in the EU at below-market prices, with anticompetitive effects for domestic manufacturers. Despite the deal, reports say the agreement sets a price floor of 74 cents per watt, much lower than sought by European solar panel companies. The deal remains subject to approval by the European Commission.

Full Content: CNN

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