The threat of anti-dumping duties within the EU has prompted Chinese tier 1 module producer ReneSola to prepare to outsource over 400MW of module production to unidentified third parties not based in China.
The company is the first Chinese module manufacturer to reveal its strategy to avoid duties, should the EU Commission decide in favour of punitive measures against dumping.
ReneSola, riding high on record quarterly shipments and revenue in the fourth quarter of 2012 said that should the outsourcing policy be successful it would consider expanding third-party production after the EU’s final ruling on duties, which is expected near year-end.
The majority of Chinese module manufacturers have curtailed shipments into the EU after imports had to be registered at the beginning of March, 2013 ahead of an initial anti-dumping ruling expected in June, 2013.
The move by ReneSola to outsource production also ties into its decision to hold off capacity expansions this year, yet the company plans to ship more modules than it has internal capacity. The company expects module shipments to increase 100% year over year to a range of 1.4GW to 1.6GW.
A detailed analysis of the impact the EU anti-dumping investigation is having on the supply chain in Europe can be read here.