27 Jul '12, 9pm

U.S. Imposes Dumping Tariffs on Chinese, Vietnamese Wind Towers

The agency concluded in preliminary findings today that producers in the two nations, which exported $301 million in wind towers to the U.S. in 2011, sold the utility-scale towers below production costs. The department acted on a complaint by U.S. manufacturers including Broadwind Energy Inc. of Naperville, Ill. Broadwind rose as much as 19 percent today in Nasdaq Stock Market trading. “China has ramped up the wind-tower production and done it in a way that is not reflective of market forces,” said Scott Paul, the executive director for the Washington-based Alliance for American Manufacturing. “I’m hopeful these tariffs will give the American wind-energy manufacturers the breathing space to compete for more market space in the U.S.” The U.S. has imposed duties on numerous types of renewable energy products from China in recent months, prompting retaliation in an escalation...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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