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.
The EU has put increased focus on Chinese companies in foreign subsidies probes since the law came into effect in 2023. The commission opened an in-depth probe into Nuctech--whose controlling shareholder is a unit of the state-run China National Nuclear Corp.--in December over whether the company might have been granted funding that distorts the bloc's market for threat-detection systems. The Dublin offices of e-commerce group Temu--owned by China's PDD Holdings--was also searched by commission officials in December.
A spokesperson for the commission said the regulator will aim to wrap up its in-depth probe into Goldwind by autumn 2027.
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 0823ET
