Sep 18 (Renewables Now) - The European Commission (EC) has approved a new mechanism for gradually reducing the minimum price for solar imports from China through September 2018, show official documents dated September 15.
As in its draft proposal, revealed in July, the commission has set separate rates for mono- and multi-crystalline cells and modules. With the adaptation mechanism the minimum import prices (MIPs) for Chinese solar products will in September 2018 be at the level of global prices in the first quarter of 2017. Calculations are based on data by Taiwanese market intelligence agency PV Insights.
The table shows the starting MIPs for separate photovoltaic (PV) products.
|MIPs in EUR/Watt||Q4 2017||Q1 2018||Q2 2018||Q3 2018|
According to the EC, the aggressive drop in solar prices could not be sustained for much longer. It expects that prices in September 2018 would not be significantly lower than currently, but will still provide some residual protection to the solar industry in the EU.
This regulation will enter into force at the start of October.