EU Ramps Up Pressure on China’s Green Tech With Wind Probe (3)

The European Union ramped up pressure on Chinese clean-tech investments potentially squeezing out its local suppliers amid EU efforts to transform the bloc into a green economy.

The EU’s competition chief Margrethe Vestager announced an early-stage probe of Chinese involvement in wind parks in Spain, Greece, France, Romania and Bulgaria, in a speech in the US.

While the EU’s step is a preliminary one, it has powers to issue fines, order the suspension of tenders, or even block state takeovers of firms if it eventually unearths evidence of unfair subsidies given by the Chinese state.

“China is for us ...