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%.