Monday, June 25th, 2018

China solar groups reject illegal subsidy complaint

BANGALORE/FRANKFURT (Reuters) – Yingli Green Energy and Trina Solar, two of China’s largest solar equipment makers, rejected on Wednesday allegations by a group of European solar panel companies that Chinese rivals are benefiting from illegal subsidies. In a complaint to the European Commission on Tuesday, the EU ProSun group said Chinese solar companies benefited from very low interest rates thanks to government policy. “We receive financing at the usual market rates and act according to international accounting standards and norms,” Yingli said. …

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