The Solar World Soap Opera Continues

This entry was posted on March 30, 2018 by Yousri abdou.

Sophomoric Solar World was in the news twice during this two week period leading to Good Friday. As you obviously know, Solar World Americas was part of the effort that convinced President Donald Trump to impose tariffs on imported panels. Now, Solar World Industries GmbH is seeking an exemption to those duties. Is your head spinning? Does this remind you of “Days of Our Lives” (the solar version)? Well, it should since Solar World GmbH, on March 22nd made an appeal to the Office of U.S. Trade Representative claiming that their “high-quality modules” cost more than the cheap Asian products that prompted the trade dispute. And to add insult to injury, SW GmbH, just announced bankruptcy again! With this, the company is reacting, among other things, on further decreased market prices and European Commission’s intention to terminate measures against dumped solar imports from China,” the German company said. Not sure what to make of this, but it seems as though both divisions attempted to “regulatory suicide bomb” the US market knowing that like the financial health, production and operational efficiencies and technology road map to truly be a viable competitor in the global market. Only time will determine whether their “bomb” was lethal or merely just a short-term industry headache. As I see it, it's completely the later.