JinkoSolar officially withdraws from EU anti-dumping minimum price agreement

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Under the EU anti-dumping agreement Chinese producers had to sell at a price above a fixed Minimum Import Price (MIP) or except anti-dumping (AD) and anti-subsidy (AS) duties, which for JinkoSolar were 41.2% and 6.5%, respectively.

Leading global ‘Silicon Module Super League’ (SMSL) member JinkoSolar has officially announced that it is withdrawing from the EU minimum import price agreement, following a number of major China-based PV manufacturers and Taiwan-based producers. 

Under the EU anti-dumping agreement Chinese producers had to sell at a price above a fixed Minimum Import Price (MIP) or accept anti-dumping (AD) and anti-subsidy (AS) duties, which for JinkoSolar were 41.2% and 6.5%, respectively.

Xiande Li, Chairman of JinkoSolar, commented: “After carefully reviewing our EU operations, we believe that the current MIPs no longer accurately reflect the current market price environment given that average selling prices in all major EU markets continue to decline, and seriously erode our competitiveness in those markets. We feel our competitiveness and market power were being unfairly hampered and have opted to withdraw from the UT agreement. We believe that we will be in a better position to leverage our strong brand name, industry-leading technology, global production facilities, and large customer base once we withdraw from the UT agreement. We remain committed to our European customers and will continue to supply them with the high quality, reliable products we have become synonymous with.”

A primary reason for JinkoSolar and other leading Chinese producers withdrawing from the MIP is due to establishing both solar cell and module assembly operations in countries outside China, primarily in Southeast Asia such as Malaysia, Thailand and with OEM providers in Vietnam, established by other Chinese firms, circumventing AD and AS duties in the EU and US.

With the major Chinese PV manufacturers being the leading module suppliers in Europe, leaving the MIP agreement puts the entire agreement at risk of breaking down. 

Read Next

January 27, 2022
Major European solar developers have called on the European Union (EU) to develop a PV supply chain strategy to avoid cost increases and disruption to projects, with the group calling for 20GW of manufacturing capacity by 2030.
January 26, 2022
Shares in ‘Solar Module Super League’ (SMSL) member JinkoSolar’s operating subsidiary surged on the company’s Shanghai stock market debut, closing at more than double their listing price.
January 13, 2022
Reliance Industries has signed a Memorandum of Understanding (MoU) with the government of Gujarat for a total investment of INR5.955 lakh crore (US$80 billion) over 10-15 years to establish 100GW of renewables and set up green technology manufacturing facilities in the state.
January 13, 2022
Finlay Colville, head of market research at Solar Media, reveals the top ten PV module suppliers last year in the first of a two-part blog, exploring not just shipment volumes but also the overall supplier bankability.
January 10, 2022
N-type solar modules produced up to 5.26% more power than p-type counterparts, delivering advantages to project LCOE and IRR, in new analysis conducted by TÜV Nord.
January 10, 2022
The Australian Renewable Energy Agency (ARENA) is providing AU$40 million in funding to support research and development (R&D) that can help Australia reach its ‘ultra-low cost solar’ goal, recently added as a priority under the country’s decarbonisation strategy.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal
Solar Media Events
April 25, 2022
Berlin, Germany