The minimum import price (MIP) of Chinese solar equipment into the EU is to remain at €0.53/W during the third quarter of 2014, PV Tech understands.
The MIP is a key part of the price undertaking that was agreed between the EU and the China Chamber of Commerce Import and Export of Machinery and Electronic Products (CCCME), which represented the Chinese manufacturers. Chinese modules sold within the terms of the undertaking are not subject to punitive trade duties of 47.6%.
There had been speculation that the price level would be revised back up to its initial level of €0.56/W after falling three euro cents at the end of Q1.
A senior figure at a tier-one Chinese manufacturer has confirmed that there will be no change.
The level must be justified by pricing data from pvXchange and Bloomberg New Energy Finance, however, the decision ultimately lies with the Chinese manufacturers that are part of the undertaking. The undertaking also sets an annual import quota of 7GW, which will be reviewed each year.