Yingli Green Energy Comments on U.S. Department of Commerce’s Final Decisions on Tariffs for Solar PV Panels Using Non-Chinese Cells

Yingli Green Energy Comments on U.S. Department of Commerce’s Final Decisions on Tariffs for Solar PV Panels Using Non-Chinese Cells

Yingli Green Energy Holding Company Limited (NYSE: YGE) (“Yingli Green Energy” or the “Company”), world’s leading solar panel manufacturer, known as “Yingli Solar,” today commented on the final anti-dumping (“AD”) and countervailing duty (“CVD”) decisions by the U.S. Department of Commerce regarding the import of solar PV panels assembled in China using components from a third country.

According to today’s decision, Yingli and its affiliates will be considered part of the Separate Rates Group and will be subject to an AD tariff of 52.13%, and a CVD tariff of 38.72%. This is a separate tariff case from the one determined in 2012, which applied to solar PV panels assembled in China using components from China. Yingli is currently subject to a combined AD/CVD rate of 29.18% in that case.

“We are deeply disappointed in the U.S. Department of Commerce’s decision to accept such a broadly defined scope for this ruling, and to levy harsh, protectionist tariffs. It’s well known that our customers, partners, and other stakeholders represent the majority of the solar industry and U.S. jobs. We will continue our vigorous defense on their behalf with the hope that national efforts to increase solar power’s cost-competiveness are not derailed further,” commented Mr. Robert Petrina, Managing Director of Yingli Green Energy Americas.

“Despite the constraints posed by these ongoing legal proceedings, we remain deeply committed to the U.S. market and our customers. This latest decision only perpetuates the uncertainty currently plaguing the American solar marketplace at a time when its growth trajectory is unprecedented. We are determined to prevail, thereby enabling American businesses, homeowners, and utilities to benefit from highly competitive solar solutions,” commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

Today’s ruling needs to be confirmed by the International Trade Commission, whose decision is expected at the end of January 2015.

Source: Yingli Green Energy:

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