🏛️ EU investigates Chinese wind turbine maker Goldwind amid competition concerns
Oneliner
The European Commission has opened an investigation into Chinese wind turbine maker Goldwind, suspecting unfair competition due to Beijing's subsidies. This move aims to protect the struggling European wind industry, which has seen major companies like Vestas and Ørsted cut back operations. China has criticized the probe as protectionist, potentially undermining investment confidence. The EU is facing significant challenges in boosting its renewable energy capacity, with current investments falling short of ambitious targets.
Key points
- The European Commission has launched an in-depth investigation into Goldwind for suspected unfair competition.
- China criticizes the probe as a protectionist move that undermines investment confidence.
- The EU aims to protect its struggling wind industry, which faces significant challenges.
- Investment in European wind energy is declining, with major companies cutting back operations.
Links
Facts
- The investigation was announced on February 3, 2026.
- Cumulative losses for wind companies outside China have reached $1.2 billion.
- Vestas abandoned plans for a new factory in Poland.
- Ørsted announced a 25% workforce reduction.
Quotes
- This sends a protectionist signal that harms the EU’s image and undermines the confidence of Chinese firms wishing to invest in Europe — Chinese Ministry of Foreign Affairs spokesperson.
- The electrification of the country is falling behind — Roland Lescure, French Economy Minister.
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