Wednesday, March 21, 2012

Yingli comments on US Dept. of Commerce's prelim decision on anti-subsidy tariffs for Chinese solar cells and modules

BAODING, CHINA: Yingli Green Energy Holding Co. Ltd, a leading solar energy company and one of the world's largest vertically integrated PV manufacturers, which markets its products under the brand "Yingli Solar", commented on the preliminary anti-subsidy tariff decision by the Department of Commerce regarding the import of Chinese PV cells and PV modules to the United States.

"We thank our loyal customers, suppliers, other valued business partners and their employees for their ongoing support as we continue to vigorously defend ourselves. As we stated in our testimony to the International Trade Commission, we are not dumping, nor do we believe that we are unfairly subsidized," said Robert Petrina, MD of Yingli Green Energy Americas, Inc., the Company's operating subsidiary in the US.

"We will continue to fight for affordable solar energy and further growth of the tens of thousands of US solar jobs that we help to create. Regardless of the outcome of this proceeding, we remain dedicated to the US solar market."

The preliminary decision on the anti-subsidy side will be followed by another preliminary decision for anti-dumping, scheduled for May 16th, 2012. No final tariff decisions will be made until the International Trade Commission completes its investigation as well, which is scheduled to occur before the end of 2012.

"The important thing to remember is that tariffs are bad for the entire solar industry," said Liansheng Miao, chairman and CEO of Yingli Green Energy. "We will continue to support the US as an important solar market, and believe that global trade and fair competition will persevere. Today's decision validates that."

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