US solar product duties regrettable
Print Edition
CHINESE solar power companies have expressed regret over new duties the United States plans to levy on imported Chinese photovoltaic (PV) products.
Fan Zhenhua, legal director of Yingli Solar, the world’s largest solar panel manufacturer, said: “The company regrets the US Department of Commerce’s decision to levy punitive duties disregarding Chinese firms’ reasonable demands and opposition.
“The punitive anti-subsidy duties will not only affect Chinese firms’ reasonable expansion in the US, but also have a negative effect on the development of the US solar industry.”
Yingli Solar, which is based in Baoding, will coordinate with the government and industry association to prepare an appeal against the duties, Fan said.
The US commerce department on Tuesday made its preliminary determination that it would levy anti-subsidy rates of 18.56 percent to 35.21 percent on Chinese producers and exporters of crystalline silicon PV products.
Punitive duties will be imposed after both the department and the US International Trade Commission made affirmative final rulings, which are set for August 18 and October 3, respectively.
It was the second US investigation against Chinese solar products after the one in 2012.
The probe was made in response to the petition filed by Oregon-based SolarWorld Industries America Inc, which alleged that Chinese PV products were sold below the fair value with the help of “improper” government subsidies.
Qu Xiaohua, chairman of Canadian Solar, said that Chinese solar firms have just walked out of a trough and once the punitive duties were levied, a large number of solar firms would go bankrupt.
For leading Chinese solar firms, the US market accounts for a significant share of their global shipments and they could be badly affected, said Fan.
With the high duties, the companies could hardly maintain profit margins and competitive edge, said Fan, adding that the US market accounts for one fifth of its global sales.
Other countries and regions might follow suit by making similar moves and the global sales of Chinese solar firms could be badly hit.
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