The New York Times reports today that the new US antidumping and countervailing duty investigations of Chinese solar panels is proceeding exactly as expected - by everyone other than the folks who petitioned for the case, of course:
Petra Solar is a solar energy technology company that pairs its "smart energy modules" with other vendors' solar panels, creating a reliable, cost-effective solution to convert solar energy into electricity.
Recent price action amid the heavily shorted solar stocks has seemingly been predicated on hope that late May chatter of negotiated settlements in the industry would occur and everyone could go happily about their business.
Taiwan, known as the republic of China, collaborates deeply with its larger neighbour in global high tech supply chains, and it is only natural that as China faces 31% tariffs on solar cells they export to the US, they will turn to Taiwan for help.Daniel Tzeng from Fubon Securities said that he has already noticed the many Taiwanese solar manufacturers have already experienced an increase in orders from China, and share prices have also risen recently due to optimism that the nations solar industry will grow considerably.Aaron Chew of Maxim Group…
400 million people in India and 1.2 billion people worldwide do not have electric power at home. Mera Gao Power is a wonderful market solution. Mera Gao Power can install solar power systems at a low cost that can be paid back in just 2 years by charging only 50 cents a month to users (for 7 hours of electricity a day).
LUXEMBOURG — European Union governments agreed on Friday to start talks with China to remove restrictions on foreign investment and set clearer rules on doing business after months of trade disputes over Chinese solar panels and EU wine.
The decision by trade ministers from the EU’s 28 member states means negotiations with China can start at a summit in Beijing on Nov. 21, with the aim of sealing an investment agreement in the following two-and-a-half years.
Fox Business had me on today to preview tomorrow's big Commerce Department announcement re: its final determinations in the AD/CVD investigations of Chinese solar panel imports. I tried to embed the video here but can't seem to do it. But you can still watch the video here. Enjoy.
The Commerce Department, in its preliminary finding over illegal subsidies, said solar panels imported from China would face a duty of 2.9% to 4.73%, smaller than what some had hoped for.Ratcheting up the battle over a vital energy industry, the U.S.