Chinese PV manufacturer ReneSola has cleared up confusion surrounding its claim earlier this week that it would be cutting module shipments to the US in the wake of the latest trade dispute.
The company has been named as a respondent by the US Department of Commerce in the investigation that was triggered over the New Year by a complaint from SolarWorld USA.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
A statement on Wednesday by Xianshou Li, CEO, ReneSola said: “We have temporarily halted shipments to the United States that fall within the scope of the investigation that began this March.”
In a further statement released on Thursday, it clarified its position and gave further explanation on its reasoning.
“This investigation may result in certain retroactive tariffs being applied on products shipped to the United States within the investigation scope, including modules with Chinese and Taiwanese cell elements, if the Department finds sharply increased Chinese shipments to the United States from March to the preliminary ruling date,” said Li. “In the interests of our clients and investors, we are temporarily reducing our US product shipments in question.”
The company also stressed that there would be no impact on its full year module shipping guidance of 2.3GW to 2.5GW.
“While we oppose the petition raised against certain products from China, we are well prepared and well positioned to meet this challenge and will continue to support US consumers with our top quality module products that are not the subject of the trade proceedings,” said Li.
“We are confident that we can continue to leverage our well-deployed global OEM resources and capabilities, and optimise our geographic distribution to our advantage,” he added.
A second named respondent, Wuxi Suntech, yesterday called for an end to the trade disputes for the good of the global solar industry, not just that of the countries tied up in legal wrangles.