On May 8, the European Commission approved provisional antidumping duties on Chinese solar panels. The duties range from 38 to 60 percent, and the average is 47 percent. The duties will officially be announced on June 6. They will last for six months; there is a possibility that they could be extended for five years depending if EU member states approve that plan. A recent study found that dumping of Chinese panels into the European market resulted in the bankruptcy of several companies.