Game Over for China’s Photovoltaic Manufacturers

What was always rumored is now official. Chinese producers of photovoltaic (PV) products, such as solar cells, used unfair businesses practices to conquer U.S. and European markets. They are now facing stiff fines and penalties.

Both the U.S. Department of Commerce (DoC) and the International Trade Commission (ITC) decided to impose anti-dumping and anti-subsidy penalties on imports of Chinese PV products, on Oct, 10 and Nov. 7 respectively. On Nov. 8 the European Commission (EC) also launched an anti-subsidy investigation regarding Chinese PV products following its confirmed anti-dumping investigation on Sept. 6. These actions have put the pressure on Chinese PV manufacturers who are heavily dependent on these two export markets.

According to the Coalition for American Solar Manufacturing (CASM), on Dec. 7 the DoC issued the orders to activate final anti-subsidy and anti-dumping duty rates ranging from 24 to 255 percent on imports of Chinese solar products since last spring. Moreover, any future Chinese imports entering the United States will be subject to reviews that could result in higher duty rates for those imports.

Continue Reading:

Share

shivanshtyagi

Mechanical engineer with experience in Power Plant maintenance , operation and auditing for ISI marked products. MBA in Power Management from National Power Training Institute, Faridabad. Working as Consultant for Bridge to India Pvt. Ltd. Expertise in: 1) Power sector regulations 2) Financial Modelling 3) Project Development solar PV plants 4) Strategic consulting 5) Report writing

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *


*