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Friday, Aug 2
EC approves China solar pact that sets minimum price, import limits
- The agreement, negotiated between EU and Chinese officials, sets a minimum price of €0.56/watt ($0.74/watt) for Chinese solar module imports, and limits imports to 7GW/year. The deal covers 90 Chinese solar module firms possessing a 60% regional share.
- EU trade commissioner Karel De Gucht observes the minimum price matches the price at which South Korean firms are selling panels without engaging in dumping.
- The deal prevents the imposition of anti-dumping tariffs of 37.3%-67.9%; the tariffs were set to go into effect on Aug. 6.
- European solar trade group EU ProSun, which wanted a minimum price of €0.80/watt, considers the deal unacceptable, and has threatened to file suit.
- Chinese solar stocks, which took off on Monday on initial news of a settlement deal, saw some profit-taking today. LDK -6.1%. SOL -5.5%. JASO -5.4%. JKS -5.2%. YGE -2.3%. CSIQ -1.9%. HSOL -3.7%. DQ -7.1%.