EU Launches Probe Into Chinese Wind Turbine Maker Goldwind

EU Launches Probe Into Chinese Wind Turbine Maker Goldwind

The European Commission has initiated an investigation into Goldwind Science & Technology, a Chinese company, suspected of receiving illegal state subsidies that may have given it an unfair advantage in the European market. This probe aligns with broader concerns over Chinese competition in industries such as solar energy and railway rolling stock.

European wind turbine manufacturers have long feared a potential hollowing out of their industry due to aggressive competition from Chinese firms, a situation reminiscent of what occurred in the solar sector a decade ago.