Goldwind Science under investigation by EU for possible subsidies

The EU launched an investigation into Goldwind Science and?Technology, a Chinese wind turbine manufacturer, on Tuesday after claiming that it received foreign subsidies which gave it an unfair edge in Europe.

The European Commission took this action after a group of Chinese wind turbine suppliers were asked for information under the EU’s Foreign Subsidies Regulation, which targets unfair state aid from abroad.

The major European turbine manufacturers?Vestas Energy, Siemens Energy, and Nordex?have?long asked the Commission?which is the EU's competition enforcer?to ensure fair competition within the 27-country EU bloc amid an influx of cheap Chinese imports.

The Commission stated that its preliminary investigation following?the request for information produced indications that Goldwind might have been given?subsidies which distort EU market.

The Commission expressed preliminary concerns that the foreign subsidies could improve Goldwind’s competitiveness in the?internal market and negatively affect the competition in the EU for wind turbines and services related to them.

FSR issues can be addressed by companies. (Reporting and editing by Louise Heavens, Foo Yunchee)

(source: Reuters)