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☆ Exclusive: China's Trina Solar plans $400 mln Vietnam plant after US sanctions - sources
▼ + stars: | 2023-09-27 | by ( Francesco Guarascio | Thomson Reuters | Francesco Leads A Team Of Reporters In Vietnam That Covers Top Financial | ) www.reuters.com time to read: +3 min

Trina, one of the world's biggest solar panel makers by sales, would invest $400 million in the plant that would span 25 hectares of industrial land. Production is set to begin in 2025, one of the sources with direct knowledge of the plan said. Another person who was involved in discussions with the company said Trina had flagged $600 million in possible investment in Vietnam. Another source said Trina Vietnam's power supply problems were being considered as the company weighed options for its possible expansion. A heatwave in June hit the output of hydropower, Vietnam's second biggest source of electricity, forcing factories to temporarily suspend production due to power cuts.

Persons: Trina, Trina Solar, FENG SHUI, Feng shui, Francesco Guarascio @fraguarascio, Phuong Nguyen, Miyoung Kim Organizations: Reuters, U.S . Department of Commerce, P Global Market Intelligence, Thomson Locations: Vietnam, Thailand, HANOI, United States, Southeast Asia, U.S, Beijing, Washington . China

☆ US slaps tariffs on some big solar companies for dodging China duties
▼ + stars: | 2023-08-18 | by ( Nichola Groom | ) www.reuters.com time to read: +2 min

Solar panels are set up in the solar farm at the University of California, Merced, in Merced, California, U.S. August 17, 2022. The decision, which largely mirrors a preliminary finding the agency made in December, was opposed by buyers of solar panels that rely on cheap products made overseas to make their projects competitive. Other companies operating in those nations have the ability to pursue a certification process to show that they are not circumventing tariffs. The U.S. has had anti-dumping duties in place for a decade on Chinese-made solar products after a Commerce probe found Chinese companies were receiving unfair government subsidies that kept their prices artificially low. The companies and others will face the same duty rates the United States already assesses on their Chinese-made products.

Persons: Nathan Frandino, Joe Biden's, Trina Solar, Joe Biden, Nichola Groom, Stephen Coates Organizations: University of California, REUTERS, Commerce Department, Commerce, Energy, New, Thomson Locations: Merced, Merced , California, U.S, United States, Cambodia, Malaysia, Thailand, Vietnam

☆ US releases a third of electronics detained under China forced labor law, data shows
▼ + stars: | 2023-03-14 | by ( Nichola Groom | ) www.reuters.com time to read: +2 min

March 14 (Reuters) - U.S. customs officials have released more than a third of the electronic equipment, including solar panels, detained since last year under a new law meant to weed out products made with forced labor, according to data released on Tuesday. According to the data, CBP has released 552 electronics shipments worth $345 million out of a total of 1,627 industry shipments valued at $841 million that were held for examination. While it was unknown what percentage of those shipments are solar equipment, Reuters reported last year that as of late October, CBP had detained more than 1,000 shipments of solar energy equipment. Just 17 electronics shipments, worth $7 million, have been denied entry into the U.S. market. The data also shows detainments peaked in the federal government's fiscal fourth quarter that ended in September and have steadily declined since then.

[1/5] Plants grow through an array of solar panels in Fort Lauderdale, Florida, U.S., May 6, 2022. REUTERS/Brian SnyderMarch 6 (Reuters) - U.S. imports of solar panels are finally picking up after months of gridlock stemming from implementation of a new law banning goods made with forced labor, according to two Chinese solar companies. The gains are a relief to major Chinese suppliers including Trina Solar (688599.SS) and Jinko Solar (JKS.N), who are finally getting products into the lucrative U.S. market after long delays. Trina rival Jinko Solar Holding Co Ltd (JKS.N) has also had shipments released from detention, a source close to the company said. It would not specify how many of those were solar products.

☆ U.S. solar panel imports from China grow, alleviating gridlock, officials say
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +1 min

[1/4] John Podesta, the White House senior advisor for clean energy, delivers a speech during the CERAWeek energy conference in Houston, Texas, U.S., March 6, 2023. REUTERS/Callaghan O'HareMarch 6 (Reuters) - U.S. imports of solar panels from Chinese suppliers are increasing as customs officials have clarified rules around complying with a new law banning goods made with forced labor, a White House official said on Monday. Trina Solar Co Ltd (688599.SS), a major Chinese solar manufacturer, told Reuters that more than 900 megawatts of solar panels has cleared U.S. customs in the last four months, with less than 1% of those products being detained for examination. Trina rival Jinko Solar Holding Co Ltd (JKS.N) has also had shipments released from detention, a source close to the company said. Reporting by Richard Valdmanis in Houston Editing by Chris Reese and David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ China's LONGi denies circumventing U.S. tariffs on solar panels
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Dec 5 (Reuters) - Chinese solar panel maker LONGi Green Energy Technology Co. Ltd (601012.SS) said on Monday it will provide evidence to show it is complying with U.S. laws after the U.S. Department of Commerce found it to be circumventing tariffs. The United States will impose new duties on imports from LONGi and three other Chinese solar panel makers, trade officials said on Friday, after an investigation found in a preliminary determination issued last week they were trying to dodge tariffs by finishing products in Southeast Asian countries. During this period, we will actively provide evidence that shows we are compliant with U.S. trade law and not circumventing," LONGi said in a statement sent to Reuters. BYD Co Ltd (002594.SZ), Trina Solar Co Ltd(688599.SS) and Canadian Solar Inc (CSIQ.O), also named in the preliminary determination, did not immediately respond to requests for comment. LONGi said it was working on increasing the strategic layout of its global operations, including improving its manufacturing and supply chain for the U.S. market.

☆ U.S. to expand solar panel tariffs after probe finds Chinese evasion
▼ + stars: | 2022-12-02 | by ( Nichola Groom | ) www.reuters.com time to read: +3 min

The announcement was welcomed by Auxin Solar, a small U.S. solar panel maker that requested the Commerce investigation in February. Producers including New East Solar, Hanwha Q CELLS, Jinko Solar (JKS.N) and Boviet Solar were found not to be dodging the tariffs, Commerce said. "The only good news here is that Commerce didn't target all imports from the subject countries," Abigail Ross Hopper, president of solar trade group the Solar Energy Industries Association (SEIA), said in an emailed statement. Buyers of solar panels for both large utility projects and residential rooftops say new tariffs will worsen what is already a difficult market for accessing solar energy equipment. The mere threat of new tariffs on solar imports also contributed to a slowdown in project development this year, the industry has said.

☆ Exclusive: U.S. blocks more than 1,000 solar shipments over Chinese slave labor concerns
▼ + stars: | 2022-11-11 | by ( Nichola Groom | ) www.reuters.com time to read: +5 min

Nov 11 (Reuters) - More than 1,000 shipments of solar energy components worth hundreds of millions of dollars have piled up at U.S. ports since June under a new law banning imports from China's Xinjiang region over concerns about slave labor, according to federal customs officials and industry sources. The agency would not reveal the manufacturers or confirm details about the quantity of solar equipment in the shipments, citing federal law that protects confidential trade secrets. But the companies have halted new shipments to the United States over concerns additional cargoes will also be detained, the industry sources said. The sources asked not to be named because they were not authorized to speak publicly on the matter. CBP has previously said that it had detained about 1,700 shipments worth $516.3 million under UFLPA through September but has never before detailed how many of those shipments contained solar equipment.

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