Suniva, the Chinese-owned, US-based solar manufacturer which instigated the Section 201 trade case that led to the imposition of 30% tariffs on all imported solar cells and modules, has this week been released from bankruptcy proceedings thanks to the intervention of SQN Capital Management.
Suniva and SolarWorld Americas last week submitted updated requests to the US International Trade Commission that suggest lowering their originally-requested tax remedies on imported solar equipment, but SolarWorld further petitioned the ITC to impose a limit on solar module imports into the United States.
Hearings for the much-hyped and controversial Section 201 trade case filed with the US International Trade Committee by Suniva and SolarWorld began this week, further raising fears that if Donald Trump is brought into the equation, the US solar industry may suffer.
The US Solar Energy Industries Association has hit out at a new report prepared by Suniva and SolarWorld in defence of their Section 201 trade case seeking a tariff and price floor on all imported solar components, calling the notion “preposterous” and arguing that the two companies brought the collapse of their businesses on themselves.
If the US Government and its International Trade Commission rules in favor of a recent trade dispute filed by Chinese-backed US solar PV manufacturer Suniva, then the country’s solar industry would be immediately devastated, and could see two-thirds of expected installations over the next five years erased.
The US solar industry could lose a third of its workforce, or an estimated 88,000 jobs, if the US Government and the US International Trade Commission rules in favor of Suniva’s request for a tariff and price floor.
The owner of Suntech, currently one of the largest solar energy companies in the world, Shunfeng International, has acquired a majority stake in the US-based solar cell + module manufacturer Suniva, according to recent reports. Shunfeng is now a 63% stakeholder in Suniva. Other minority stakeowners currently include: Goldman Sachs, … [continued]
The high-efficiency crystalline silicon solar cell and module manufacturer Suniva is partnering with the privately held financial products and services firm Technology Credit Corporation to create a financing solutions program for potential customers, according to a recent announcement. Technology Credit Corporation (TCC) is one of the leading (and biggest) providers … [continued]
When you think of hot solar manufacturing markets, Michigan probably isn’t the first place that jumps to mind. Honestly, I don’t remember reading or writing anything about solar power in Michigan. Apparently, however, the former manufacturing-heavy state is getting a decently sized solar factory. Suniva, a solar PV cell and module manufacturer, has just … [continued]
The roofing company PetersenDean and DPW are working with Suniva on an affordable solar campaign to provide solar systems in a more economical fashion. This is being announced at the Solar Power International Conference in Chicago, which is currently taking place. One of the pluses of this campaign for Americans, titled Solar … [continued]
