Sunday, October 22nd, 2017

Analysis: Threatened duties push China solar firms offshore

<img src="http://www.davidsellers.com/wp-content/plugins/wp-o-matic/cache/936a8_2012-10-01T173837Z_1_CBRE8901D0G00_RTROPTP_2_CHINASOLAR-ANTIDUMPING.JPG" width="130" height="86" alt="File photo of employees carrying solar panels at a solar power plant in Aksu” align=”left” title=”File photo of employees carrying solar panels at a solar power plant in Aksu” border=”0″ />(Reuters) – Chinese solar companies are being forced to speed up plans to move a big chunk of their manufacturing offshore as Europe looks increasingly likely to join the United States in implementing duties on imports of Chinese-made solar equipment. The timing could not be worse for the Chinese firms, whose balance sheets are already being strained by nearly two years of weak prices and slowing demand for solar energy products. The risk now is that they will lose much of the cost advantage that has been the basis for their dominance of global solar industry, analysts and investors say. …


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