SolarWorld Americas Inc. Joins Section 201 Trade Action to Address Global Import Surge

HILLSBORO, Ore.–(BUSINESS WIRE)–SolarWorld Americas Inc., the largest U.S. crystalline-silicon solar
producer for more than 42 years, and Suniva Inc. have filed a joint
letter with the U.S. International Trade Commission (ITC) stating that
SolarWorld is now a co-petitioner in the Section 201 safeguards case.
Filed by Suniva in April, the 201 case could give President Trump broad
powers to address the global surge of imports that has decimated the
U.S. solar manufacturing industry.

SolarWorld has joined the case as the company plans for ongoing
operations in a U.S. solar marketplace that remains highly distorted by
state-sponsored overcapacity and exports from China and other countries.

“We have hoped and waited for serious proposals for settling the overall
U.S. solar industry’s trade tensions with China, but we have received
none,” said Juergen Stein, President of SolarWorld Americas. “Therefore,
we have decided to join the case to pursue the best remedy available to
us to restore fair competition in the U.S. market.”

“The U.S. solar industry cannot afford to give away the future of
critical renewable-energy manufacturing industries,” Stein continued.
“We must take a stand in favor of preserving intellectual property,
production know-how and U.S. manufacturing jobs, all of which have
sprung from a vital industry pioneered on U.S. soil since the 1970s.”

Despite the impact of two sets of U.S. anti-dumping and anti-subsidy
duties against Chinese and Taiwanese imports, global imports of solar
cells and modules have kept surging into the U.S. market. This surge
mainly stems from substantial overcapacity added by Chinese-owned
companies that located outside of China to avoid duties. The massive
overproduction has led to the near-destruction of remaining solar
producers in America. SolarWorld AG, SolarWorld Americas’ parent
company, declared bankruptcy earlier this month, and while SolarWorld
Americas is continuing to operate outside of bankruptcy in the United
States, unrelenting global imports are seriously harming it and its
workers.

SolarWorld looks forward to the ITC’s review of the 201 petition, and it
believes that the evidence clearly supports an affirmative finding that
global imports have seriously injured the U.S. industry. SolarWorld also
looks forward to the President’s ultimate decision on the petition, and
it urges the U.S. government to impose a remedy addressing the harm that
the global imports have inflicted on U.S. solar cell and module
manufacturers and their workers. SolarWorld will make a remedy
recommendation at the appropriate time in this proceeding.

About SolarWorld REAL VALUE: SolarWorld Americas Inc., the
largest U.S. crystalline-silicon solar manufacturer for more than 42
years, produces and sells high-tech solar power solutions and, in doing
so, contributes to a cleaner energy supply throughout the Americas. The
company maintains 430 megawatts of annual capacity to produce solar
cells and 550 MW of capacity to manufacture solar modules. The company’s
brand stands for a proven track record of quality and reliability, and
SolarWorld is the only producer whose industrial lineage has outlived
its products’ 25- and 30-year performance guarantees. SolarWorld upholds
high social standards and commits itself to resource- and
energy-efficient production. With its program Solar2World, the company
supports the expansion of solar power in developing countries in Latin
America. Connect with SolarWorld on Facebook, Twitter and www.solarworld.com.

Contacts

SolarWorld Americas Inc.
Ben Santarris, 503-693-5189
Head of
Corporate Communications
Mobile: 503-927-9858
[email protected]