Updated. Business conditions at LDK Solar have worsened considerably since reporting fourth quarter financial results at the end of April, 2012. The integrated PV manufacturer has slashed both polysilicon production and full-year revenue guidance, while meeting the low mark of guided sales in its first quarter 2012 results.
Ministers and senior officials witnessed the signature of a partnership agreement to enhance the mapping of renewable energy resources in the region. On June 19, at Rio+20 United Nations Conference on Sustainable Development, the International Renewable Energy Agency (IRENA) and the Latin American Energy Organization (OLADE) agreed to assess the renewable energy potentials on a global scale. Initially, it will cover wind and solar, but is to progressively extend to other renewable energy resources.
The industry has now had a chance to take stock of the US Department of Commerce’s announcement that it will impose an import tariff on PV cells, or PV modules that contain cells, manufactured in China. The preliminary findings of the anti-dumping case, which was initiated in October 2011 when a group of PV manufacturers, led by Germany’s SolarWorld, filed a trade complaint, revealed that a tariff of approximately 31% would be levied against a specified group of the largest Chinese cell manufacturers and a rate of 249% against all other Chinese manufacturers. This was in addition to March’s introduction of less severe countervailing duties to negate the allegedly unfair subsidies that Chinese suppliers benefit from.
The Chinese Ministry of Commerce has identified six renewable energy initiatives in the US that the Chinese government believes is flouting World Trade Organization (WTO) rules on subsidies and countervailing measures in addition to the 1994 GATT Agreement.
Profitability remains tantalizingly elusive at Suntech Power Holdings, having reported a first quarter GAAP loss of US$133 million on the back of certain one-time issues, 27% lower quarterly shipments and 10% price declines. Although management stuck to previous guidance for the year, indicating strong shipments in the second-half of the year, analysts raised concerns over Suntech’s ability to repay a US$540 million convertible note due next year.
Almost a week after the preliminary determination announcement from the US Department of Commerce, organisations and corporations continue to make statements.
In anticipation of others to follow suit, Taiwan-based Motech Industries will be offering a ‘Solar Cell Certificate of Origin,’ to customers wanting to avoid the newly imposed import tariffs on Chinese solar cells and modules. Motech makes c-Si solar cells in Taiwan, which are excluded from the import duties as well as having a module assembly plant in Newark, Delaware.
Last week, the US Department of Commerce imposed tariffs of between 31 and 250% on solar imports from China. Semiconductor Equipment and Materials International (SEMI) has issued a statement calling for all parties to work together on measures to eliminate trade and investment barriers to solar energy.
NPD Solarbuzz has announced the promotion of Finlay Colville, Ph.D. to vice president and the appointment of Wolfgang Schlichting as research director, Downstream Markets.
As Phase 1 of India’s National Solar Mission reaches half way, India stops to take stock of its progress with an independent report conducted by the National Resources Defence Council (NRDC) and the Council on Energy, Environment and Water (CEEQ). The report has been drawn from extensive discussions with stakeholders and research and analysis of national, state and international programs, with the aim of aiding the government in overcoming obstacles to achieving the Mission’s goal of 20GW by 2022.
