China To Impose Duties on US and South Korean Polysilicon
China plans to impose tariffs of as much as 57 % on polysilicon shipped from the U.S. and South Korea, saying it wants to stop the product from being sold below cost. American and South Korean importers of polysilicon must pay the duties beginning July 24. The decision marks the preliminary ruling of an investigation opened last year. The probe was a response to a U.S. decision in 2012 to impose levies of as much as 250 % on Chinese solar panels after a plunge in prices led to the bankruptcy of several U.S. solar panel manufacturers.
EU Probing German Renewable Energy Waivers
Exxon Mobil Corp., Bayer AG and Linde AG are among companies at risk of having to repay billions of euros in German subsidy as Chancellor Angela Merkel clashes with Europe’s antitrust regulator over renewable energy rebates. The European Commission is probing whether the waivers constitute illegal state aid. A total of 1,691 companies or units are benefiting from power fee waivers worth about 4 billion euros ($5.3 billion) this year, according to data from German authorities.
Group Claims EU Anti-Dumping Duties Based on Inaccurate Evidence
Representatives of over 30 European solar companies travelled to Brussels to give evidence to the European Commission on the impact of preliminary and proposed definitive anti-dumping duties against China’s solar panel makers. The trip was organized by the Alliance for Affordable Solar Energy (AFASE), an association of European solar companies opposing the duties. AFASE believes that this assessment is wrong, and that the EC based its decision to impose preliminary anti-dumping duties on faulty data regarding EU solar production and sales. AFASE is asking the EC to reassess the data they have received.
Fitch Sees Solar Reducing Utility Profits in Five Years
Rooftop solar and energy-efficiency programs will eat into utility profit margins and discourage investment in new transmission projects within five years, a Fitch Ratings analyst said. Utility revenue is increasingly threatened by technology that reduces demand for electricity from the grid, including solar panels and smart meters. Power supplied by U.S. utilities declined 3.4 percent last year, largely from energy efficiency and on-site solar generation. Unless utility rate structures adapt, utilities will continue to have limited abilities to invest in new major projects.