EU launches subsidy probe into Chinese wind turbine maker Goldwind

AI Summary
The European Commission has initiated an investigation into Goldwind Science & Technology, a Chinese wind turbine manufacturer, to determine if it received illegal subsidies from the Chinese state. This probe, launched under the foreign subsidies regulation adopted in July 2023, aims to assess whether these subsidies unfairly enhanced Goldwind's competitive position within the European market. The Commission's preliminary investigation revealed indications suggesting the company may have benefited from distortive foreign subsidies. This action follows concerns from European wind turbine manufacturers who fear that competition from Chinese firms could harm the European industry, similar to what occurred in the solar power sector. The investigation is "ex officio," meaning it was launched independently by the Commission.
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Source Transparency
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