Reaction Pours In As Commerce Announces Chinese Trade Case Decision
Posted by weijing3333 on May 19th, 2015
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The company maintains a production facility in Arizona."As a global company with global supply chains and manufacturing facilities in three countries, we are well prepared for the future," Andrew Beebe, Suntech's chief commercial officer, in a statement. "Regardless whether tariffs are imposed on solar cells from China, we can provide our customers in the U.S. with hundreds of megawatts of high-quality and affordable solar products that are not subject to tariffs."Beebe also warned that "unilateral trade barriers, large or small, will further delay our transition away from fossil fuels."Trina Solar - which received the highest tariff rate, at 4.73% - noted that the trade investigation has not concluded."This determination is only the first step, and is subject to further examination and final determination later this year by the Department of Commerce and the International Trade Commission," Trina said in a statement.
The company believes that as of now, it is "premature to speculate" on what its future plans for the U.S. market might include.Meanwhile, industry group SEMI - which, like the Solar Energy Industries Association (SEIA), has maintained a neutral position on the case - echoed SEIA's calls for productive international dialogue."SEMI urges U.S. and Chinese leaders to begin a dialogue that goes beyond the narrow confines of the current anti-dumping/countervailing duty case and addresses the range of issues impacting solar PV," the group said in a statement. "More broadly, SEMI calls on trade negotiators around the world to work together on measures that would eliminate trade and investment barriers to solar energy."SEMI also reiterated its urging for trade investigators to examine global solar trade circumstances on a "factual" rather than "politicized" basis, and for governments to avoid implementing any retaliatory measures.
Germany-based solar project developer solarhybrid AG has filed for the opening of insolvency proceedings in a local court.Although solarhybrid did not disclose additional details in its bankruptcy announcement, its management noted in a March 7 release that the looming feed-in tariff (FIT) reductions in its home country of Germany would likely have a detrimental effect on the company's financial health.For instance, the legislative changes gave the company "no possibility" of completing a 150 MW project under development in Neuhardenberg. "This would mean a loss of investments made thus far in this project in the amount of approximately 7.5 million euros," solarhybrid's board members wrote.
"Overall, the entire business model of solarhybrid in Germany is called into question, because solarhybrid is currently, without exception, focused on the project development and realization of photovoltaic power plants with a capacity of at least 10 MW," the company added.Last fall, solarhybrid entered discussions with Solar Millennium AG, which began bankruptcy proceedings in February, to potentially acquire Solar Millennium's U.S. project pipeline. The transaction fell through as Solar Millennium's financial health deteriorated.
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