The European Union is poised to levy tariffs on Chinese solar panels, a move that threatens to slow the deployment of renewable energy but could bolster the fortunes of local manufacturers, including one owned by Abu Dhabi.
Karel De Gucht, the EU trade commissioner, is to recommend the tariff to fellow commissioners on Wednesday, Reuters reported.
Home to half of the global solar market, Europe has undergone a transformation from one of the world's solar panel manufacturing hubs to the final destination of tens of billions of dollars worth of Chinese panels in a few years.
European factories have struggled to compete on price with Chinese producers, who have benefited from generous state subsidies.
