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Mobile WebSiteA survey of "201" global safeguards initiated by China's imports of solar energy products has caused an uproar in the photovoltaic industry, which was presented by the US PV company Suniva to the US International Trade Commission (ITC).
May 13, China Electromechanical Products Import and Export Chamber of Commerce (hereinafter referred to as the Electrical and Mechanical Chamber of Commerce) through the official statement issued by Suniva launched a global safeguards investigation objection.
"201 terms" survey also triggered the dissatisfaction of China's PV companies. According to the interface journalists incomplete statistics, as of press time, has 10 photovoltaic enterprises have issued a statement on the incident, including Xie Xin, Longji, Artes, Jingke, Jing O, Trina Solar and other giants enterprise.
Suniva was founded by Dr. Ajit Rohatgi of the Georgia Institute of Technology and was put into commercial operation by the end of 2008. The company has a 200MW component plant in Michigan, USA, and the plant is commissioned in 2015 to make it the third-largest manufacturer of photovoltaic power in the United States.
On April 17 this year, the company filed for bankruptcy protection and entered the reorganization process. In Suniva's bankruptcy statement, it pointed out that China's cheap labor and government funding and other factors, is the cause of the company into a bankruptcy predicament of the main reasons.
On the ninth day of the bankruptcy announcement, Suniva filed an expected petition calling for a "Article 201" safeguards investigation of all crystalline silicon photovoltaic cells and components imported into the United States.
When the imported products from other countries seriously damage the US domestic industry, "Section 201" authorizes the President to take appropriate remedial measures for the prevention or remedy. According to Suniva, the lowest import price for 78 cents / watt for all crystalline silicon components imported into the United States has been reduced year by year to 68 cents / watt in the fourth year; for all crystalline silicon cells imported into the United States The film sets the lowest import price of 40 cents / watt and falls to 33 cents / watt in the fourth year.
Electromechanical Chamber of Commerce said, "201" trade survey is the individual business for their own interests, abuse of trade relief provisions of the act, it can not change the problems within the enterprise. Recently, the Electrical and Mechanical Chamber of Commerce has represented the Chinese PV industry, with Suniva's largest shareholder and creditors held a number of talks, hoping that the company can immediately withdraw.
Electromechanical Chamber of Commerce pointed out that the current US domestic PV manufacturers production is far from meeting its domestic market demand, the United States from the global PV products to take safeguards, will directly damage the interests of US upstream and downstream enterprises and consumers, affecting the US domestic employment and serious Hinder the global development and utilization of new energy.
It is noteworthy that Suniva's major shareholder, Hong Kong, China, has refused to provide financial support for Suniva's bankruptcy litigation (hereinafter referred to as MTR International, 01165.HK). In October 2015, Downwind International invested 57.76 million US dollars to acquire a 63.13% stake in Suniva, which is known in the industry for mergers and acquisitions of former solar giant Suntech.
Downwind International 2016 results show that the impact of the continued import of low-cost solar modules from photovoltaic manufacturers in Southeast Asia has made the US solar energy market increasingly competitive. Last year, Suniva recorded a loss of operating losses of $ 83 million.
