On Air Now

Tune in to Listen

99.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
55° Feels Like: 55°
Wind: NNW 13 mph Past 24 hrs - Precip: 0.25”
Current Radar for Zip

Tonight

Rain 48°

Tomorrow

AM Clouds/PM Sun 62°

Mon Night

Clear 41°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

EU and China close in on solar panel deal: sources

A man eats his breakfast as he walks under solar panels belonging to a solar power plant in Shenyang, Liaoning province June 5, 2013. REUTER
A man eats his breakfast as he walks under solar panels belonging to a solar power plant in Shenyang, Liaoning province June 5, 2013. REUTER

BRUSSELS (Reuters) - The European Union and China are moving towards a deal to defuse a conflict over alleged dumping of solar panels in Europe, people familiar with the matter said on Friday, aiming to agree a minimum price for Chinese importers above their production costs.

"The architecture of the deal is there," said one person close to the negotiations that are taking place in Beijing.

A second person said the proposed deal involves a quota for Chinese panels that could not be sold at less than the cost of production in China. Analysts say that was around $0.59 per watt in 2012.

Under the proposal, panels sold in excess of the quota would be subject to duties, although the level and the amount are still under discussion, a third person said.

(Reporting by Robin Emmott and Ethan Bilby; editing by Adrian Croft)

Comments