Overview

• Two major Chinese solar companies exited a Romanian solar project following EU investigations into suspected state subsidies.
• The EU's new foreign subsidies regulation, aimed at ensuring fair competition within the bloc, prompted the withdrawal.
• Investigations targeted subsidiaries of Longi Solar and Shanghai Electric, raising concerns over their competitive practices.
• EU officials emphasize the need to balance renewable energy goals with industrial competitiveness and energy security.
• The closure of these probes marks a significant application of the EU's economic defense strategy against non-transparent foreign subsidies.