Solar Market and Cost Analysis

Recent Solar News (Trade) Not Country Determination Company Investigateda Determination Hanwha Qcells Not Malaysia Circumventing JinkoSolar Not Boviet Vietnam Circumventing Vina Solar Canadian Solar Thailand Circumventing Trina BYD Hong Kong Circumventing Circumventing Circumventing Circumventing Circumventing New East Solar Not Cambodia a 22 companies that did not respond to Commerce's request for information were declared in violation by default In December, the U.S. Department of Commerce issued a preliminary decision to impose anti-circumvention duties on some solar panels and cells produced in Vietnam, Malaysia, Thailand, and Cambodia. A final determination is due May 1, 2023. - Imported Southeast Asian panels will be treated as Chinese if they are made from wafers produced in China and have more than two other components produced in China. The other components are silver paste, aluminum frames, glass, backsheet, ethylene vinyl acetate sheets, and junction boxes. Southeast Asian cells, even if made from wafers from China, that are then exported to a non-inquiry country and further assembled into modules or other products there, are not subject to Commerce's preliminary circumvention findings. If companies already have a set duty in place for Chinese AD/CVD that will be used; if not, China-wide rates of 238.95% (AD) and 12.34% (CVD) will be used. In early November, it was reported that the U.S. CBP had blocked more than 1,000 shipments of PV modules due to the enforcement of the Uyghur Forced Labor Prevention Act. Roth Capital estimated that as much as 9 GW - 12 GW of PV panels could be prevented from entering U.S. market in 2022. In late November, Roth Capital reported a "meaningful supply" of solar panels had been released to the U.S. market (JinkoSolar modules made with Wacker polysilicon). Sources Department of Commerce Press Release, Wood Mackenzie/SEIA Brace for impact! report, Reuters. NREL | 35

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