EU opens formal investigation into Chinese wind power company Goldwind over foreign subsidies

Published:

EU opens formal investigation into Chinese wind power company Goldwind over foreign subsidies
Photo: Elizabeth Dalziel/AP/TT

The European Commission is opening a formal investigation into improper state aid to the Chinese wind power giant Goldwind.

A review was launched as early as April 2024 to investigate grants, tax relief and other funding to the formerly fully state-owned company.

In a press release, it is now stated that there are "indications that Goldwind has received foreign subsidies that distort the market."

The formal investigation being initiated concerns the production and sale of wind turbines in the EU.

Loading related articles...

Tags

Author

TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

More news

Loading related posts...