By Edith Hancock
The European Commission said it is investigating whether Chinese wind-turbine company Goldwind received foreign backing that would give it an unfair advantage in the European Union.
The EU's executive arm said Tuesday that it is looking into whether Goldwind receives foreign subsidies that distort the bloc's internal market. Those subsidies could take the form of grants, preferential tax measures and loans, it said.
This is the latest investigation the EU's competition watchdog has opened under its Foreign Subsidies Regulation--a relatively new rulebook that gives officials the power to scrutinize companies receiving what it views as outside support from non-EU governments.
Goldwind didn't immediately respond to a request for comment.
Write to Edith Hancock at edith.hancock@wsj.com
(END) Dow Jones Newswires
02-03-26 0615ET
