JinkoSolar lashes out at US duties
China’s JinkoSolar has struck back against the US government’s preliminary decision to slap countervailing duties on Chinese PV imports, describing the move as shortsighted.
"We are disappointed,” Jinko chairman Xiande Li said in an online statement. “This will have a negative impact on the solar industry and will ultimately end up hurting US customers and US solar jobs the most.”
The company joins Chinese rival Trina Solar in criticising the preliminary duties. Shanghai-based Jinko, like most Chinese manufacturers targeted, was assigned a rate of 26.9%.
Trina, the second largest supplier of solar panels in the world, received the lowest preliminary countervailing duty among the group of targeted manufacturers, at 18.56%. Wuxi Suntech, the former production unit of Suntech Power that is now owned by Shunfeng Photovoltaic, was hit with the highest rate, at 35.2%.
"Ill-conceived trade barriers such as these only aid in reducing the competitiveness of solar energy against other forms of power,” Jinko’s Li said, adding that the company will continue to cooperate with the US authorities.
Li said the duties would not have a significant impact on Jinko’s “geographically diverse” business.
In May, it signed agreements to provide 100MW of PV modules for two projects in Chile. And in April, it secured a deal with PV distributor Proinso to help it ramp up sales in India.