Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek


Filed under: News | Technology News


Dark American Cloud Over Taiwan Solar Panels

Feb 26 2014, 1:26am CST | by

1 Updates
Dark American Cloud Over Taiwan Solar Panels

YouTube Videos Comments

Full Story

Dark American Cloud Over Taiwan Solar Panels

Taiwan’s solar technology industry, the world’s second largest, faces U.S. government trade sanctions after selling components to Chinese producers that shipped finished modules onward to the United States. Word in Taipei: They’re not guilty but might be hit anyway as the U.S. tries to protect local makers against red-hot imports.

The U.S. Department of Commerce will decide whether findings by its International Trade Commission Feb. 14 merit anti-dumping penalties against Taiwanese exporters. Taiwanese makers of photovoltaic cells for finished Chinese modules are bracing for a harsh verdict as the commerce department crunches financials to determine how much Taiwan’s industry made from the fourth quarter of 2012 to the third quarter of last year. A final verdict is due in August. Taiwanese suppliers stood a 50-50 chance of profiting then, says the Market Intelligence & Consulting Institute, a government-backed IT industry research group.

Taiwan is innocent, it says, but solar components could be slapped anyway as the United States frets about a trend of lower priced imports.

“Their substantially low utilization rates can serve as a testament to the lack of intention to dump products,” institute senior analyst Sean Kao says. “A rational interpretation of the criteria will not provide sufficient support for the U.S. government’s decision to impose anti-dumping and countervailing duties on Taiwanese PV cell vendors. However, many Taiwanese vendors are still pessimistic about the possible final ruling, expecting that the United States will hurt Taiwan based on the consideration of its own benefits.”

Taiwan’s solar tech industry took off about 10 years ago along with global growth of solar energy. Its capacity of 8,000 megawatts per year ranks it as the world’s second largest industry after China’s. It produced about 6,300 megawatts worth last year. Industry stars are Neo Solar Power, the largest maker in Taiwan and second in the world. Delta Electronics, founded by multimillionaire Bruce Cheng, is Neo’s biggest shareholder with a 17% stake. Gintech and Motech are other top manufacturers. Product-specific sanctions could technically raise tariffs on any of them, with levels above 10% likely hurting orders and outraging Taiwanese exporters.

Taiwan had no way of knowing the Chinese module makers would export to the United States, says Arthur Hsu, analyst with Taipei-based market research firm TrendForce. The U.S. government imposed anti-dumping duties on Chinese solar panels on Chinese solar panels imported since October 2012. “Taiwan just got stuck in this,” Hsu says. “To sell outside is China’s own decision. Taiwan is a supplier to the Chinese side, and we can’t go and ask where the modules will sell.”

The threat of sanctions started last year with an International Trade Commission complaint from SolarWorld Industries America. The U.S. government may back its cause because solar imports claim more than 30% of domestic demand and cost 10%-15% less, Hsu says. “We don’t think Taiwan affected U.S. businesses,” he says. Whether U.S. officials pursue them is “hard to say.”

Source: Forbes


You Might Also Like


Sponsored Update


More From the Web

Shopping Deals


<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.




blog comments powered by Disqus

Latest stories

Rihanna and Drake truly madly deeply in Love with each other
Rihanna and Drake truly madly deeply in Love with each other
The popster, Rihanna and rap artist, Drake are reportedly truly, madly and deeply in love with each other. This comes two years after their infamous split.
Kim Kardashian reveals a Few Factoids from her Life
Kim Kardashian reveals a Few Factoids from her Life
The gorgeous chunk of feminine beauty, Kim Kardashian has revealed a few factoids from her semi-charmed life.
Hershey’s New Logo looks like a Steaming Pile of Poo
Hershey’s New Logo looks like a Steaming Pile of Poo
Hershey’s new logo is out now. But the only problem with it is it looks eerily like an emoji symbol of a steaming pile of poo.
Angelina Jolie and Brad Pitt exchange Wedding Vows
Angelina Jolie and Brad Pitt exchange Wedding Vows
The actress in Tomb Raider, Angelina Jolie, and Brad Pitt exchanged wedding vows recently. They make a lovely couple and both are from the cream of the crop in Hollywood.

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.