• Print

SolarWorld plans to take anti-dumping case to European Commission

Financials

  • SWVK
    ETR
    11.35
    -0.03 (-0.26%)
    5:36PM GMT+1

SolarWorld is planning to expand its fight against China-based solar module rivals currently being played out in the US to Europe. According to reports from German publication, Handelsblatt and reported by various news agencies, SolarWorld’s CEO, Frank Asbeck was said to be seeking support from other European-based companies to take an anti-dumping case to the European Commission’s competition agency.

Rumours of the move have been circling of such an action since SolarWorld and a group of unidentified companies filed a petition in the US on the same grounds last year.

Asbeck was reported to have highlighted the massive inventory build in module seen last year as overcapacity hit the industry. Over 50% of solar modules are made in China, according to industry market analysts.

Rapid price declines across the PV supply chain in 2011 have led to quarterly financial losses since the second quarter of last year, as well as bankruptcies, factory closures and industry consolidation.

 

SolarWorld, recently halted production in the US in face of strong competition from Chinese imported modules and has reduced manufacturing capacity and halted wafer production in Germany. 
 
Only this week, the German Network operator released preliminary new PV system installation figures for 2011, noting 7.5GW of new PV systems were installed last year, with 3GW alone installed in December, 2011 a new monthly and annual record, despite FiT cuts of 15%. 

PV-Tech Storage Promo

Newsletter

Preview Latest
Subscribe
We won't share your details - promise!

Publications

  • Photovoltaics International 26th Edition

    Looking back, 2014 was a year of convalescence for a PV industry still battered and bruised from a period of ferocious competition. End-market demand continued apace, with analysts towards the end of 2014 predicting the year would see between around 45 and 50GW of deployment. That has begun to feed through to the supplier end of the market, with all the main manufacturers announcing capacity expansions in 2015 and further ahead.

  • Manufacturing The Solar Future: The 2014 Production Annual

    Although the past few years have proved extremely testing for PV equipment manufacturers, falling module prices have driven solar end-market demand to previously unseen levels. That demand is now starting to be felt by manufacturers, to the extent that leading companies are starting to talk about serious capacity expansions later this year and into 2015. This means that the next 12 months will be a critical period if companies throughout the supply chain are to take full advantage of the PV industry’s next growth phase.

Partners

Acknowledgements

Solar Media