Renewable

June 19 (Renewables Now) - Trade measures designed to limit imports of Chinese solar products into the EU may remain well into 2019 as, according to a report by Reuters, the European Commission (EC) is considering a new expiry review.

The EC imposed anti-dumping and anti-subsidy levies on Chinese photovoltaics (PV) in December 2013. These would have ended in December 2015, but the watchdog initiated expiry reviews at the time. A decision was reached in March 2017 to gradually phase out the measures over a period of 18 months, ending in September 2018.

Reuters said today, citing sources, that at least one solar panel maker in the EU has requested a new expiry review. The news comes soon after China decided to limit support for new solar capacity additions in the country in 2018.

Several market research companies said the global solar market is facing a new wave of oversupply. EnergyTrend and GTM Research have both cut their forecast for solar demand in China by 40%.