Margrethe Vestager, the EU’s competition chief, said Tuesday that the probe would look into the development of wind farms in Spain, Greece, France, Romania and Bulgaria. The move provides further evidence of tensions between China, the world’s biggest manufacturer, and its major trading partners resulting from the oversupply of Chinese goods in key industries around the world. The country’s global trade surplus in goods has soared in recent years and is now approaching $1 trillion.
“We saw the playbook for how China came to dominate the solar panel industry,” Vestager said, citing “massive subsidies for domestic suppliers.” “The result is that nowadays, less than 3% of the solar panels installed in the EU are produced in Europe,” she added, noting that China was deploying the same strategy across other areas of clean technology, including “exporting excess capacity to the rest of the world at low prices.
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