SolarWorld applauds U.S. government's decision to investigate Chinese tactics in exporting solar

Decision validates company's representation of majority of domestic manufacturing

HILLSBORO, Ore., Nov. 9, 2011 – SolarWorld, the largest U.S. solar manufacturer, is gratified that the U.S. government has determined the company and its Coalition for American Solar Manufacturing represent a clear majority of the domestic manufacturing industry and found adequate cause for concern over Chinese solar export practices to initiate an intensive, year-long investigation.


"We are pleased that the facts have begun to speak for themselves," said Gordon Brinser, president of SolarWorld Industries America Inc., based in Hillsboro, Ore. "China's plans for the U.S. market have been clear from its excessive and illegal subsidization of its export-heavy industry, its ever-escalating drive to dump product at artificially low prices on the U.S. marketplace and its contrived public-affairs tactics, including a new coalition for Chinese importers that purports to serve the interests of American consumers."

In reality, a survey published by the Solar Energy Industries Association is clear that the U.S. public cares deeply about the vitality of domestic manufacturing as it stands in China's crosshairs. The survey shows overwhelming bipartisan support – 82 percent – for U.S. solar manufacturing. Chinese companies have almost no production on U.S. soil. CASM alleges that China's state-sponsored industry has mounted an onslaught of dumping that has included a surge of imports in recent months. Chinese exports into the United States in July alone exceeded those of all of 2010, according to federal trade data. To counter this alleged surge ahead of the U.S. investigation, the SolarWorld-led coalition is seeking a federal determination of "critical circumstances," requiring that any import duties required to offset alleged improper trade tactics be applied retroactively for three months.

Assuming the International Trade Commission finds on Dec. 5 that Chinese exports have harmed the domestic industry, the first possible determination on "critical circumstances" could come as soon as Jan. 12, meaning importers of record could later be required to deposit estimated duties on imports back to this past Oct. 14, according to CASM.

"The anti-competitive tactics of Chinese exporters have threatened to wipe out U.S. producers and jobs," Brinser said. "Domestic producers look forward to returning to steady increases in efficiency and sustainable decreases in pricing that directly result from legal international competition – and to advances in America's renewable-energy future."

About SolarWorld (www.SolarWorld.com):

SolarWorld (ISIN: DE0005108401) is a worldwide leader in offering brand-name, high quality, crystalline solar-power technology. Its strength is its fully integrated solar production. From silicon as the raw material through wafers, cells and modules all the way to turn-key solar systems of all sizes, the group combines all stages of the solar value chain. The central business activity is selling quality modules into the installation and distribution trades and crystalline wafers to the international solar cell industry. Group headquarters are located in Bonn, Germany. The group's largest production facilities operate in Freiberg, Germany, and Hillsboro in the U.S. state of Oregon. Sustainability is the basis of the group strategy. Under the name Solar2World, the group supports care projects using off-grid solar-power solutions in developing countries, exemplifying sustainable economic development. Worldwide, SolarWorld employs about 3,500 people. SolarWorld AG has been quoted on the stock exchange since 1999 and today is listed on, among others, the TecDAX and koDAX as well as in the sustainability index NAI.

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