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China's PV sector takes actions against EU ruling | Updated: 2013-06-05 16:48

The European Union has imposed provisional anti-dumping tarriffs on China's solar Panels. It's accused China of undercutting European rivals by selling panels below-cost. The Chinese Photovoltaic industry is now taking actions against the challenge.

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Chinese Photovoltaic industry was once a lucrative sector of the new energy industry. The provisional EU ruling is now prompting the remaining competitive enterprises in China's PV sector to face its latest challenge.

Wang yiyu, Chief Strategy Officer of Yingli Green Energy, Baoding, Hebei, said, "It will definitely have a huge impact on the market in the short term, as Europe is a large market for us. The EU ruling will push prices up and dissolve a large market proportion. But what's key is that we are developing new business models in Europe and developing new markets in China, the US, Japan, Africa and South America, to spread the risk. Also we have to accelerate the process of moving factories out of China to avoid anti-dumping and anti-subsidy charges."

Enterprises in the PV sector, both in China and in Europe, are not ready to throw in the towel.

The Alliance for Affordable Solar Energy, a coalition of more than 500 companies in Europe's photovoltaic industry, has launched campaigns and submitted an open letter to the EU trade Commissioner.

"It would huge undergo for the EU in terms of green growth..."Howard Johns, Founders & Managing Director, Southern Solar, UK, said.

Yingli Green Energy is one of the biggest solar panel producers and exporters in China. Although it's in off season now, inside its plant in Baoding in Hebei province, most of the machines are still running. Encouraging words hang above the office, and the staff here know that challenging times lie ahead.

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