Solar panels. Author: David Goehring. License: Creative Commons, Attribution 2.0 Generic
Dec 17, 2014 - Yingli Green Energy Holding Co (NYSE:YGE) today expressed its disappointment with the US government’s final decision to set additional duties on solar imports from China and Taiwan, but reiterated its commitment to the US market.
As unveiled on Tuesday, the US Department of Commerce (DOC) levied final anti-dumping and anti-subsidy duties of up to 165% and 49.79%, respectively, on imports of crystalline silicon photovoltaic (PV) products from China and Taiwan. The determination has to be confirmed by the International Trade Commission (ITC) at the end of next month. If that happens, the duties will go into effect around February 1.
Chinese PV maker Yingli Green and its units ended up in the Separate Rates Group. They will be subject to an anti-dumping tariff of 52.13% and a countervailing duty tariff of 38.72%. The company explained that these duties come on top of the ones set in 2012 for PV modules assembled in China with locally-made components. The combined rate for Yingli in that case is 29.18%.
Yingli called the new tariffs “harsh” and “protectionist”. The company mentioned that it will continue to defend its position and will remain committed to the US market and its local customers.
In a separate press release, the head of the Solar Energy Industries Association (SEIA), Rhone Resch, once again voiced the organisation’s opposition to the ruling. “Unfortunately, today’s ill-advised and unprecedented decision will harm many and benefit few,” he commented.