Conergy put into motion a product-stocking program over the past few months that provides its customers with tariff-free modules at very competitive pricing. The program also created a warehousing program that does not burden customers with additional cash constraints.
Denver, June 5, 2014 – Conergy put into motion a product-stocking program over the past few months that provides its customers with tariff-free modules at very competitive pricing. The program also created a warehousing program that does not burden customers with additional cash constraints.
The program was specifically positioned in March 2014, to respond to the anticipated decision from the US Department of Commerce decision to place tariffs on solar photovoltaic modules manufactured in China.
On June 3, the Department of Commerce formally announced their preliminary determination on the countervailing duty investigation of solar modules from China. The Department assessed duties ranging from 18.56% to 35.21% on solar imports and issued a broad preliminary scope decision, which would expand the categories of products subject to duties.
The decision sets the ball in motion for months of uncertainty and turmoil in the US solar module supply chain as we move toward July's preliminary anti-dumping determination and the final determinations in the fall.
"Conergy has been preparing for this likely outcome for months and has taken a proactive stance to ensure its industry partners are well supported throughout this challenging transition, said Jared Donald, President of Conergy North America. "Our customers told us loud and clear that product supply and product visibility were their biggest concerns regarding the current US Department of Commerce investigations.
"We knew we needed to be prepared for any decision," continued Donald, "and we took proactive steps to ensure that we not only had a stock of Conergy P series modules available through the trade case transition but also a portfolio of American and Korean made modules in queue to ensure ongoing availability of class leading modules to our new and long standing industry partners".
In addition to Conergy's supply of its own Conergy P series modules the company has also invested in modules from Hyundai and SolarWorld to ensure that anti-dumping free modules are available in volume across Conergy's US partners long after the CVD and AD cases are decided. The company's warehouses in Hawaii, California and New Jersey are stocked with modules, racking and inverters to provide complete solutions quickly and efficiently.
Conergy is a leading photovoltaic solution and service provider that offers tailor made, high-performance packages, including all relevant solar services, for residential and commercial roofs and multi-megawatt installations. With more than 15 years and 580 megawatts of experience in planning, construction and operations, Conergy has a strong balance sheet and is a highly bankable solar downstream expert. Conergy has a global footprint with more than 350 employees in 12 countries and a sales network spanning five continents.
About Conergy and Kawa Partnership
The Conergy sales and service units are owned by Kawa Capital Management, Inc., an independent asset management firm based in Miami, Florida. The partnership between Conergy and Kawa creates a globally unique player in the solar energy industry: Conergy's expertise in providing complete solar energy solutions complements the financial management capabilities of Kawa, allowing Conergy to also provide financial capital solutions to its clients in the growing solar market.