26 Apr '17, 9pm

Bankrupt Suniva asks U.S. feds to implement new #solar import tariffs

Bankrupt Suniva asks U.S. feds to implement new #solar import tariffs

Bankrupt solar manufacturer Suniva has filed a petition with the U.S. International Trade Commission (ITC) seeking new import tariffs on solar cells and minimum import prices on modules made anywhere outside the U.S. The Georgia-based manufacturer entered Chapter 11 bankruptcy earlier this month and had publicly blamed its financial troubles on “global manufacturing overcapacity, particularly in Asia, and the ongoing influx of foreign imports, which continue to drive down domestic prices.” Suniva has now asked the ITC to conduct a “global safeguard” investigation under Section 201 of the Trade Act of 1974. If the commission determines solar imports are, indeed, causing serious harm to U.S. manufacturers, it will recommend a remedy to President Donald Trump, who will be tasked with making a final decision. In its petition, Suniva has proposed a four-year, tiered import tari...

Full article: http://solarindustrymag.com/bankrupt-suniva-initiates-u-s...

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