EU to Limit Funding for Clean Tech Using Chinese Inverters
The European Commission plans to restrict EU funds from clean energy projects that utilize inverters supplied by Chinese companies. This measure targets the extensive involvement of Chinese firms, estimated to control over 220 gigawatts of Europe's installed solar capacity.
At a top-level meeting of her 26 department chiefs in March, European Commission President Ursula von der Leyen quietly approved a plan to stop EU funds from going to clean technology projects containing Chinese inverters. Inverters are the essential power electronics at the heart of solar and wind systems. Industry groups estimate that Chinese companies led by Huawei Technologies control more than 220 gigawatts of Europe’s installed solar capacity via the devices. The commission wants to...