Chinese firms facing EU probe exit from Romanian solar project

LONGi and Shanghai Electric units alleged to have benefited from Beijing subsidies

20240513N EU solar

A man walks by a solar farm near Paris. The European Union has heightened scrutiny of low-cost Chinese products entering into the EU's renewable energy market. © Reuters

TAKASHI TSUJI, Nikkei staff writer

BRUSSELS -- Two Chinese groups have withdrawn from a solar project in Romania after the European Union launched a fair competition investigation against them, an EU official said Monday.

A subsidiary of LONGi Green Energy Technology, a leading maker of solar panels, is no longer pursuing the project to build the photovoltaic park, Thierry Breton, the European commissioner for the internal market, said in a statement. Two subsidiaries under Shanghai Electric Group, an electrical equipment supplier, also have dropped out, according to the statement.

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