About Official inquiry of LONGi photovoltaic panels
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6 FAQs about [Official inquiry of LONGi photovoltaic panels]
Who are LONGi Solar Technologie GmbH & Longi Green Energy Technology?
Both LONGi Solar Technologie GmbH and LONGi Green Energy Technology Co., Ltd. are active in the development, manufacturing and servicing of solar wafers, cells and modules. The second investigated consortium is composed of Shanghai Electric UK Co. Ltd. and Shanghai Electric Hong Kong International Engineering Co. Ltd.
Who are Enevo group & LONGi Solar Technology?
The first of the two groups under investigation includes Romanian engineering firm Enevo Group and Longi Solar Technologie GmbH, which is the German subsidiary of Chinese solar module maker Longi.
When will the Commission take a decision about Enevo & LONGi Solar?
Both consortia submitted a complete notification on 4 March 2024. The Commission now has 110 working days as of that date to take a decision. The opening of an in-depth investigation does not prejudge the outcome of the investigation. The first investigated consortium is composed of the ENEVO Group and LONGi Solar Technologie GmbH.
Did Longi and Shanghai Electric violate EU rules on foreign subsidies?
The European authorities are trying to determine whether two consortia – including subsidiaries of Longi and Shanghai Electric – violated the new EU rules on foreign subsidies when they participated in a procurement process in Romania for a 110 MW solar farm. The European Commission is expected to make a final decision within 110 working days.
Who is bidding for a solar park in Romania?
The probe will focus on two consortiums bidding for the development of a solar park in Romania, part-financed by EU funds. One includes the German subsidiary of Longi Green Energy Technology, one of the world’s largest manufacturers of photovoltaic cells and solar panels.
Why did Longi Green Energy lose a billion yuan in 2024?
Longi Green Energy Technology said on July 9 that it expects a net loss of up to 5.5 billion yuan ($756 million) for the first half of 2024. The solar company blamed its increased investments, as well as a mismatch between supply and demand. For more insights like these, click here to try Breakingviews for free.
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