DOCSLIB.ORG

Federal Register/Vol. 86, No. 77/Friday, April 23, 2021/Notices

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Federal Register/Vol. 86, No. 77/Friday, April 23, 2021/Notices Federal Register / Vol. 86, No. 77 / Friday, April 23, 2021 / Notices 21693 Dated: April 19, 2021. 19. Jiangsu High Hope Int’l Group Background Christian Marsh, 20. Jinko Solar International Limited 21. LERRI Solar Technology Co., Ltd. Acting Assistant Secretary for Enforcement On December 8, 2011, Commerce 22. Light Way Green New Energy Co., Ltd. and Compliance. issued a countervailing duty (CVD) 23. Lixian Yingli New Energy Resources Co., order on multilayered wood flooring Ltd. Appendix I—List of Topics Discussed in from China.1 Several interested parties the Preliminary Decision Memorandum 24. Luoyang Suntech Power Co., Ltd. 25. Ningbo ETDZ Holdings, Ltd. requested that Commerce conduct an I. Summary 26. Shenzhen Yingli New Energy Resources administrative review of the Order and, II. Background Co., Ltd. on February 6, 2021, Commerce III. Intent to Rescind Review, In Part 27. Sumec Hardware & Tools Co., Ltd. published in the Federal Register a IV. Non-Selected Companies Under Review 28. Sunpreme Solar Technology (Jiaxing) Co., notice of initiation of an administrative V. Scope of the Order Ltd. VI. Diversification of China’s Economy 29. Systemes Versilis, Inc. review of the Order on 166 producers/ VII. Subsidies Valuation 30. tenKsolar (Shanghai) Co., Ltd. exporters for the POR.2 On July 16, VIII. Interest Rate Benchmarks, Discount 31. Tianjin Yingli New Energy Resources Co., 2020, we rescinded this administrative Rates, Inputs, Electricity, and Land Ltd. review, in part, with respect to 91 Benchmarks 32. Tianneng Yingli New Energy Resources companies, based on timely withdrawal IX. Use of Facts Otherwise Available and Co., Ltd. of review requests.3 For events that Application of Adverse Inferences 33. Toenergy Technology Hangzhou Co., Ltd. X. Analysis of Programs 34. Trina Solar (Changzhou) Science and occurred since the Initiation Notice, see XI. Disclosure and Public Comment Technology Co., Ltd. the Preliminary Decision XII. Recommendation 35. Turpan Trina Solar Energy Co., Ltd. Memorandum.4 36. Yancheng Trina Solar Energy Technology Appendix II—Non-Selected Companies Co., Ltd. Scope of the Order Under Review 37. Yingli Green Energy International Trading Company Limited The product covered by the Order is 1. Anji DaSol Solar Energy Science & wood flooring from China. For a Technology Co., Ltd. 38. Zhejiang ERA Solar Technology Co., Ltd. 2. Canadian Solar International Limited 39. Zhejiang Jinko Solar Co., Ltd. complete description of the scope of the 3. JA Solar Technology Yangzhou Co., Ltd. 40. Zhejiang Sunflower Light Energy Science Order, see the Preliminary Decision 4. Jiawei Solarchina (Shenzhen) Co., Ltd. & Technology Limited Liability Memorandum. 5. JingAo Solar Co., Ltd. Company 6. Jinko Solar Co., Ltd. [FR Doc. 2021–08525 Filed 4–22–21; 8:45 am] Intent to Rescind Administrative 7. Jinko Solar Import and Export Co., Ltd. BILLING CODE 3510–DS–P Review, in Part 8. Ningbo Qixin Solar Electrical Appliance Co., Ltd. Based on our analysis of U.S. Customs 9. Risen Energy Co., Ltd. DEPARTMENT OF COMMERCE and Border Protection (CBP) 10. Shanghai BYD Co., Ltd. information, and the no shipment 11. Shanghai JA Solar Technology Co., Ltd. International Trade Administration certifications submitted by Innomaster 12. Shenzhen Sungold Solar Co., Ltd. Home (Zhongshan) Co., Ltd., Jiangsu 13. Shenzhen Topray Solar Co., Ltd. [C–570–971] 14. Taizhou BD Trade Co., Ltd. Yuhui International Trade Co., Ltd., 15. Wuxi Suntech Power Co., Ltd. Luoyang Multilayered Wood Flooring From the Jiashan On-Line Lumber Co., Ltd., and Suntech Power Co., Ltd. People’s Republic of China: Shandong Longteng Wood Co., Ltd.,5 16. Yingli Energy (China) Co., Ltd. Preliminary Results of Countervailing Commerce preliminarily determines Duty Administrative Review, and Intent that these companies had no shipments Appendix III—Intent To Rescind To Rescind Review, in Part; 2018 Review, In Part of subject merchandise during the POR. For additional information regarding 1. Baoding Jiasheng Photovoltaic Technology AGENCY: Enforcement and Compliance, International Trade Administration, this determination, see the Preliminary Co., Ltd. Decision Memorandum. Absent any 2. Baoding Tianwei Yingli New Energy Department of Commerce. evidence of shipments being placed on Resources Co., Ltd. SUMMARY: The Department of Commerce 3. BYD (Shangluo) Industrial Co., Ltd. (Commerce) preliminarily determines the record, pursuant to 19 CFR 4. Canadian Solar Manufacturing (Changshu) that countervailable subsidies are being 351.213(d)(3), we intend to rescind the Inc. provided to producers and exporters of administrative review of these 5. Canadian Solar Manufacturing (Luoyang) companies in the final results of review. Inc. multilayered wood flooring (wood 6. Changzhou Trina Solar Energy Co., Ltd. flooring) from the People’s Republic of 1 See Multilayered Wood Flooring from the 7. Changzhou Trina Solar Yabang Energy Co., China (China). The period of review People’s Republic of China: Countervailing Duty Ltd. (POR) is January 1, 2018, through Order, 76 FR 76693 (December 8, 2011) (Order). 8. Chint Solar (Zhejiang) Co., Ltd. December 31, 2018. Interested parties 2 See Initiation of Antidumping and 9. De-Tech Trading Limited HK are invited to comment on these Countervailing Duty Administrative Reviews, 85 FR 6896 (February 6, 2020) (Initiation Notice). 10. Dongguan Sunworth Solar Energy Co., preliminary results of review. Ltd. 3 See Multilayered Wood Flooring from the 11. Eoplly New Energy Technology Co., Ltd. DATES: Applicable April 23, 2021. People’s Republic of China: Partial Rescission of 12. ERA Solar Co., Ltd. FOR FURTHER INFORMATION CONTACT: Countervailing Duty Administrative Review; 2018, 13. ET Solar Energy Limited Dennis McClure or Suzanne Lam, AD/ 85 FR 43207 (July 16, 2020). 4 14. Hainan Yingli New Energy Resources Co., See Memorandum, ‘‘Decision Memorandum for CVD Operations, Office VIII, the Preliminary Results in the Countervailing Duty Ltd. Enforcement and Compliance, Administrative Review of Multilayered Wood 15. Hangzhou Sunny Energy Science and International Trade Administration, Flooring from the People’s Republic of China; Technology Co., Ltd. U.S. Department of Commerce, 1401 2018,’’ dated concurrently with, and hereby 16. Hengdian Group DMEGC Magnetics Co., adopted by, this notice (Preliminary Decision Ltd. Constitution Avenue NW, Washington, DC 20230; telephone: 202–482–5973 or Memorandum). 17. Hengshui Yingli New Energy Resources 5 See Memorandum, ‘‘No Shipment Inquiry for Co., Ltd. 202–482–0783, respectively. certain companies during the period 01/01/2018 18. Hubei Trina Solar Energy Co., Ltd. SUPPLEMENTARY INFORMATION: through 12/31/2018,’’ dated March 26, 2021. VerDate Sep<11>2014 18:15 Apr 22, 2021 Jkt 253001 PO 00000 Frm 00011 Fmt 4703 Sfmt 4703 E:\FR\FM\23APN1.SGM 23APN1 khammond on DSKJM1Z7X2PROD with NOTICES 21694 Federal Register / Vol. 86, No. 77 / Friday, April 23, 2021 / Notices Methodology Preliminary Results of the Review Commerce, within 30 days after the date Commerce is conducting this review In accordance with 19 CFR of publication of this notice. Requests in accordance with section 751(a)(1)(A) 351.221(b)(4)(i), we calculated a should contain the party’s name, of the Tariff Act of 1930, as amended countervailable subsidy rate for each of address, and telephone number, the (the Act). For each of the subsidy the mandatory respondents, Jiangsu number of participants, whether any programs found countervailable, we Senmao and Riverside Plywood, and participant is a foreign national, and a preliminarily determine that there is a their cross-owned affiliates, where list of the issues to be discussed. If a subsidy, i.e., a financial contribution by applicable. request for a hearing is made, Commerce an ‘‘authority’’ that confers a benefit to We preliminarily find the intends to hold the hearing at a time and the recipient, and that the subsidy is countervailable subsidy rates for the date to be determined. Parties should specific.6 For a full description of the mandatory and non-selected confirm by telephone the date, time, and methodology underlying our respondents under review to be as location of the hearing two days before preliminary conclusions, including our follows: the scheduled date. reliance, in part, on adverse facts Unless extended, we intend to issue available pursuant to sections 776(a) Subsidy the final results of this administrative Producer/exporter rate review, which will include the results of and (b) of the Act, see the Preliminary (percent) Decision Memorandum. our analysis of the issues raised in the The Preliminary Decision case briefs, within 120 days of Riverside Plywood Corp. and its publication of these preliminary results Memorandum is a public document and Cross-Owned Affiliates 7 ........... 9.36 is on file electronically via Enforcement Jiangsu Senmao Bamboo and in the Federal Register, pursuant to and Compliance’s Antidumping and Wood Industry Co., Ltd. ............ 5.19 section 751(a)(3)(A) of the Act and 19 Countervailing Duty Centralized Non-Selected Companies Under CFR 351.213(h). 8 Electronic Service System (ACCESS). Review .................................... 8.12 Assessment Rates ACCESS is available to registered users In accordance with 19 CFR at https://access.trade.gov. In addition, a Disclosure and Public Comment 351.221(b)(4)(i), we preliminarily complete version of the Preliminary We intend to disclose to interested assigned subsidy rates in the amounts Decision Memorandum can be accessed parties the
Load more

Recommended publications
  • Crystalline Silicon Photovoltaic Cells, Whether Or Not Assembled Into Modules, from the People's Republic of China
    ACCESS C-570-980 Administrative Review POR: 01/01/2017-12/31/2017 Public Document E&C/OVII: GHC January 31, 2020 MEMORANDUM TO: Jeffrey I. Kessler Assistant Secretary for Enforcement and Compliance FROM: James Maeder Deputy Assistant Secretary for Antidumping and Countervailing Duty Operations SUBJECT: Decision Memorandum for the Preliminary Results of the Administrative Review of the Countervailing Duty Order on Crystalline Silicon Photovoltaic Cells, Whether or Not Assembled Into Modules, from the People’s Republic of China; 2017 ______________________________________________________________________________ I. SUMMARY The Department of Commerce is conducting an administrative review of the countervailing duty (CVD) order on crystalline silicon photovoltaic cells, whether or not assembled into modules (solar cells) from the People’s Republic of China (China), covering the period of review (POR) January 1, 2017 through December 31, 2017. The mandatory respondents are JA Solar Technology Yangzhou Co., Ltd. (JA Solar) and Risen Energy Co., Ltd. (Risen Energy). This is the sixth administrative review of the CVD order on solar cells from China. We preliminarily find that JA Solar and Risen Energy received countervailable subsidies during the POR. If these preliminary results are adopted in the final results of this review, we will instruct U.S. Customs and Border Protection (CBP) to assess countervailing duties on all appropriate entries of subject merchandise during the POR. Interested parties are invited to comment on these preliminary results. Unless the deadline is extended pursuant to section 751(a)(3)(A) of the Tariff Act of 1930, as amended (the Act), we will issue the final results of this review by no later than 120 days after the publication of these preliminary results in the Federal Register.
    [Show full text]
  • A Journey to Discover Values
    An Exploration of Integrated Reporting A Journey 2010 to Discover Values A Study of Sustainability Reporting in China SynTao – Sustainability Solution An Exploration of Integrated Reporting A Journey To Discover Values 2010 A Study of Sustainability Reporting in China Chief author An Jiali Authors Guo Peiyuan, Zhang Hongfu, Chen Ying, Li Wenbo, Anna-Sterre Nette, Zhang Jieya, Gong Jian Translation Gao Xiuping, Wang Qiang, Aurélia Britsch Researched by SynTao Sponsored by Oxfam HK Supported by Center for Environmental Education and Communication, Ministry of Environmental Protection of People’s Republic of China China Credit Information Service (PRC), Ltd. Please note that the statements in this report do not represent the position of Oxfam HK or the other supporting organizations. A Journey to Discover Values 2010 Research Institute SynTao is a management consultancy that focuses on promoting corporate social responsibility (CSR) and socially responsible investment (SRI) in China. We have offices in Beijing and Washington DC. On the basis of our global perspective, local expert team, and extensive partnership network, we provide CSR and SRI related consulting, training and research services to assist our clients to enhance their competitiveness and strategy. SynTao is operating four CSR related websites: SynTao: http://www.syntao.com Caseplace: http://www.caseplace.cn China CSR Map: http://www.chinacsrmap.org China Sustainability Reporting Resource Center: http://www.sustainabilityreport.cn Sponsor Oxfam Hong Kong is an independent international development and humanitarian organisation working against poverty and related injustice. Oxfam works with people facing poverty and with partner organisations on development, humanitarian, policy advocacy and public education programmes. Supporters Center for Environmental Education and Communication, Ministry of Environmental Protection of People’s Republic of China China Credit Information Service (PRC), Ltd.
    [Show full text]
  • Research Manager
    MARKET OPPORTUNITIES FOR DUTCH INDUSTRIES IN CHINA A COMPREHENSIVE DESK RESEARCH ON WIND AND SOLAR ENERGY A MARKETING RESEARCH REPORT Prepared For: Consulate General of the Netherlands in Guangzhou Client Name: Mr. Evert Groenendijk Senior Commercial Officer TNS Ref. No.: J31365 August 2003 TNS COPYRIGHT© 2003 All Rights Reserved Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted in any form or by any means (electronic, mechanical photocopying, recording or otherwise) without the prior permission of the copyright owner. Table Of Contents Page No. 1. Introduction ..................................................................................1 1.1 Study Background ......................................................................... 1 1.2 Research Methodology.................................................................. 1 2. Executive Summary .....................................................................2 2.1 Key Findings .................................................................................. 2 2.2 SWOT Analysis.............................................................................. 3 2.3 Implications and Recommendations.............................................. 5 3. China: Macro Trade Perspective.................................................8 3.1 Major Economic Indicators ............................................................ 8 3.2 Foreign Trade and Investment....................................................
    [Show full text]
  • Origin 9100 Solar Panel Brochure
    Origin9100 Solar System Panel Specifications Your Origin system will be supplied with one of the following sets of panels: Manufacturer Mono Or Poly Size (Watts) Suntech Mono 190 Trina Solar Mono 190/195 Please note all solar panels supplied are CEC accredited and compliant with IEC/EN61730 and IEC/EN61215 or IEC/EN61646. The choice of panels will be at the sole discretion of our installer subject to such matters as stock availability. Please see the following specification sheet for further details and panel specifications. STP190S - 24/Ad+ STP185S - 24/Ad+ 190 Watt MONOCRYstaLLINE SOLAR MODULE Features High module conversion efficiency (up to 14.9%), through superior manufacturing technology 14.9% Guaranteed 0-5W positive power output tolerance ensures high reliability 0-5W Proprietary Gallium-F22 doping process dramatically reduces initial light-induced degradation to <1%, <1% thus delivering better power and performance over time New Jumbo cells with 4% larger solar cell area produce more power per module 4% Entire module certified to withstand high wind loads 2400Pa (2400 Pascal) and snow loads (5400 Pascal) * 5400Pa Trust Suntech to Deliver Reliable Performance Over Time Patented surface pyramids enhance sunlight absorption • World’s leading manufacturer of crystalline silicon photovoltaic modules by redirecting reflected light • Unrivaled manufacturing capacity and world-class technology to other areas on the cell surface to be reabsorbed • Rigorous quality control meeting the highest international standards : ISO 9001: 2008 and ISO 14001: 2004 • Certification and standards: IEC 61215, IEC 61730, conformity to CE Industry-leading warranty Suntech cells feature a breakthrough process that • 25 year transferrable power output warranty: replaces traditional boron SUNTECH doping with gallium doping.
    [Show full text]
  • Countervailing Duty Administrative (NAICS 621) About Telemedicine Solar Cells from China
    Federal Register / Vol. 85, No. 237 / Wednesday, December 9, 2020 / Notices 79163 service delivery for the healthcare DEPARTMENT OF COMMERCE days.2 On July 21, 2020, Commerce industry, and its importance has tolled the due date for these final results increased during the current pandemic. International Trade Administration an additional 60 days.3 On September 25, 2020, Commerce extended the Expanding the collection of data on [C–570–980] telemedicine use will support deadline for issuing the final results of measurement on changes in its adoption Crystalline Silicon Photovoltaic Cells, this review by 60 days, until November 4 during this unprecedented public health Whether or Not Assembled Into 27, 2020. emergency. SAS currently asks Modules, From the People’s Republic Scope of the Order of China: Final Results of ambulatory health care providers The products covered by the order are Countervailing Duty Administrative (NAICS 621) about telemedicine solar cells from China. A full Review; 2017 services in relation to patient visits. description of the scope of the order is This proposal will add a question about AGENCY: Enforcement and Compliance, contained in the Issues and Decision revenues from telemedicine services for International Trade Administration, Memorandum.5 hospitals (NAICS 622) and nursing Department of Commerce. homes (NAICS 623). Furthermore, to Analysis of Comments Received SUMMARY: The Department of Commerce standardize content across industries All issues raised in interested parties’ (Commerce) determines that and provide consistency for briefs are addressed in the Issues and countervailable subsidies are being respondents, the current telemedicine Decision Memorandum accompanying provided to producers/exporters of this notice.
    [Show full text]
  • This Is Suntech. Imagine a Company That Has Shipped Solar Panels
    Imagine a company that has shipped solar panels equivalent to the capacity of 8 nuclear plants. This is Suntech. Our Headquarters: 80% of our electricity is drawn from renewable energy sources. Our facade is the largest grid-connected building integrated photovoltaic system in the world. Imagine a company that is outmatched in its solar output by only one: the sun. This is Suntech. When Suntech was founded in 2001, all we In addition to this, Suntech has won a lot of on global growth opportunities: by 2020 we had were big plans and a team of 20 highly global prizes and recognitions for its great will have shipped the equivalent of 20. Each motivated scientists. Today we are one of the contribution to the environment and of Suntech’s high quality module protects world leaders. Reliability, great efficiency, sustainable growth. Around the globe, the environment, and earns revenue for the one of the best warranties in the industry Suntech modules provide the electrical project owners. All together, these are an and an outstanding price-performance ratio power capacity of 8 GW. That means we have important contribution to the energy have made us one of the market leaders, an already shipped solar panels equivalent to transition. achievement of which we are very proud. the capacity of 8 nuclear plants! The solar industry agrees, and in 2012, After the combination with Shunfeng-PV re-nowned EUPD Research listed us among group, we are financially much stronger than the best brands in the photovoltaic industry. any other peers, and are better able to focus You can be part of it too! EUPD RESEARCH EUPD RESEARCH EUPD RESEARCH MODULES MODULES MODULES Suntech has has shipped solar panels equivalent to the capacity of 8 nuclear plants.
    [Show full text]
  • Federal Register/Vol. 79, No. 246/Tuesday, December 23, 2014
    76970 Federal Register / Vol. 79, No. 246 / Tuesday, December 23, 2014 / Notices 12. Whether the Department Should I understand that agents of the importer, such Title Reallocate to Prime Products the as brokers, are not permitted to make this lllllllllllllllllllll Production Costs of Off-Grade Cells certification. Also, I am aware that records Date Reported to the Department as Non- pertaining to this certification may be [FR Doc. 2014–30107 Filed 12–22–14; 8:45 am] Prime Products (Non-Prime Products) requested by CBP. I understand that this 13. Whether the Department Should Adjust certification must be completed at the time BILLING CODE 3510–DS–P the Affiliated Supplier’s Cost of Wafers of the entry. I also understand that failure to Before Testing Gintech’s Transfer Prices maintain the required certification or failure with the Affiliated Wafer Supplier to substantiate the claim that the panels/ DEPARTMENT OF COMMERCE (Affiliated’s COP) modules do not contain solar cells produced 14. Whether the Department Should in Taiwan will result in suspension of all International Trade Administration Include Losses Related to Inventory unliquidated entries for which these Disposals in Gintech’s G&A Expense requirements were not met and the [A–570–010] Rate (Inventory Disposals) requirement that the importer post an AD cash deposit on those entries equal to the 15. Whether the Department Should Certain Crystalline Silicon Photovoltaic Include LCM Adjustments in Gintech’s applicable rate in effect at the time of entry.1 Reported Costs (LCM Adjustments) Products From the People’s Republic lllllllllllllllllllll of China: Final Determination of Sales 16.
    [Show full text]
  • Trade Remedies: Targeting the Renewable Energy Sector UNITED NATIONSN a CONFERENCE on TRADE and DEVELOPMENT
    UNITED NATIONSN A CONFERENCE ON TRADE AND DEVELOPMENT Trade Remedies: Targeting the Renewable Energy Sector UNITED NATIONSN A CONFERENCE ON TRADE AND DEVELOPMENT Trade Remedies: Targeting the Renewable Energy Sector New York and Geneva, 2014 Note This study expresses the views of the author and does not necessarily reflect the views of UNCTAD or its member states. The designations employed and the presentation of the material do not imply the expression of any opinion whatsoever on the part of the United Nations Secretariat concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. This document has been reproduced without formal editing. Material in this publication may be freely quoted or reprinted, but acknowledgement is requested, together with a reference to the document number. It would be appreciated if a copy of the publication containing the quotation or reprint were sent to the UNCTAD secretariat at the following address: Chief, Trade, Environment, Climate Change and Sustainable Development Branch (TED), Division on International Trade in Goods and Services, and Commodities (DITC), UNCTAD, E Building, Palais des Nations, CH - 1211 Genève 10, Suisse. UNCTAD/DITC/TED/2014/3 UNITED NATIONS PUBLICATION Copyright © United Nations, 2014 All rights reserved I. Contents iii Contents Note ...........................................................................................................................................................ii
    [Show full text]
  • Company Case Study: Suntech Power Holdings Co
    CASE STUDY: SUNTECH POWER Introduction Suntech Power, a major manufacturer of solar cells and modules, was founded in 2001. In December 2006, the company’s production capacity expanded to 300MW, and production capacity is expected to reach 1GW by 2010. Suntech is currently ranked as the No. 3 silicon cell manufacturer worldwide and the largest solar module manufacturer internationally. With four production sites at Wuxi, Luoyang, Qinghai and Shanghai (under construction), Suntech has 4000 global employees. Suntech also owns MSK Corporation, a leading PV module manufacturer and Building-Integrated PV company in Japan. Suntech’s largest markets are (in order): Germany, Spain and the United States. About 80 percent of the company’s products are sold in Europe, but the company anticipates a major expansion in the U.S. market in the coming years. Theme Suntech demonstrates the potential for manufacturers of solar cell technology to thrive in China, which is on track to become the world’s number one PV producer in 2008 with a market share of over 18%. Despite its success in international markets, however, Suntech—and other solar energy companies—have met with difficulties in fully penetrating the Chinese market, and future prospects for continued rapid growth in China are uncertain. While China is making strides towards encouraging its renewable energy industries, significant obstacles for PV manufacturers remain. Internal Factors Suntech was founded by Dr. Zhengrong Shi, who also serves as chairman of the board of directors and chief executive officer. Prior to founding Suntech in 2001, he was a research director and executive director of Pacific Solar Pty., Ltd., an Australian PV company engaged in the commercialization of next-generation thin film technology.
    [Show full text]
  • Document Subtype
    CAPITAL MARKETS RESEARCH 18 APRIL 2013 DEFAULT CASE Suntech Power Holdings Company Ltd. STUDY Moody’s Capital Markets Research, Inc. Mainland China’s First Public Debt Default Authors Irina Makarova Executive Summary +1 (212) 553-4307 . Last month, Suntech Power Holdings failed to repay its maturing $541 million bond [email protected] issue, becoming mainland China’s first public company to default on its debt. On David Munves, CFA March 20, eight Chinese banks filed a petition for insolvency and restructuring of the +1 (212) 553-2844 group’s operating subsidiary, Suntech Wuxi. [email protected] . Moody’s Analytics’ proprietary credit risk metric for Suntech – known as the EDFTM (Expected Default Frequency) measure – began to signal a heightened risk of default David T. Hamilton, PhD as early as 2008. In September 2011, Suntech’s EDF measure suggested a 29% +1 (212) 553-1695 likelihood of default within 12 months. By August 2012 – seven months prior to the [email protected] company’s default – the metric rose to 35%. Decomposing Suntech’s EDF metric, we observe that the company’s default was caused by both deteriorating financial performance and increasing financial risk. Between 2008 and last month’s default, the market value of Suntech’s assets fell by 50%, while its liabilities grew by 368%, resulting in a nearly nine-fold increase in About leverage. By early 2012, the market value of the company’s assets was nearly equivalent Analyses from Moody’s Capital Markets to its total liabilities. Through the lens of the EDF metric, Suntech’s elevated default risk Research, Inc.
    [Show full text]
  • Chinese Photovoltaic Market and Industry Outlook (Part 1)
    IEEJ: April 2010 Chinese Photovoltaic Market and Industry Outlook (Part 1) Kan Sichao* Summary In China over the recent years, wind power, solar energy and other renewable energy sources have been expected to become not only promising tools against climate change but also a key economic growth driver. Particularly, growth of Chinese photovoltaic cell makers has attracted global attention. However, the Chinese government has been unable to provide sufficient support for them because of huge fiscal costs. China's PV market is still inactive. As PV costs are expected to decline substantially due to a silicon price fall in 2008, however, the Chinese PV market is projected to achieve dramatic growth. In early 2009, the Chinese government came up with measures to subsidize and promote PV. In December, it became clear that the country will revise its PV generation target for 2020 upward to 20 gigawatts. While giving positive considerations to the exploration of the domestic PV market and the development of relevant industries, the Chinese government has recognized the domestic industries’ technological capacity shortages, overheated investment and other problems and indicated a cautious attitude. Part 1 of this paper outlines China’s PV projects, focusing on the PV market and PV promotion measures. 1. Introduction On September 22, 2009, Chinese President Hu Jintao delivered an attention-attracting speech at the U.N. Climate Change Summit held at the U.N. Headquarters in New York. China would incorporate climate change measures into its economic and social development plan and take more effective measures for the promotion of renewable and nuclear energy, he said.
    [Show full text]
  • Changing the Way Business Is Powered
    Changing the way ANTI-REFLECTIVE GLASS business is powered. ULTRA-PURE, MONOCRYSTALLINE SILICON SOLID COPPER FOUNDATION ALL SOLAR PRODUCTS ARE NOT EQUAL. YOUR TURNKEY SOLUTION FOR SOLAR. SUNPOWER® MAXEON® CELL TECHNOLOGY PREMIUM PRODUCT WARRANTY COMMERCIAL FINANCING OPTIONS BEST-IN-CLASS INSTALLER NETWORK Maxeon solar cells are fundamentally better. • Offering the best 25-year Combined Power and There are a variety of financing options available in the market You can count on your local SunPower installation partner to Product Warranty and through our dealer partner network for businesses and provide the highest standards of quality and customer service. • More power and reliability from back-side contact design not-for-profit organizations. • No warranty restrictions for coastal applications • SunPower installation partners are pre-screened and • Efficiencies up to 22.8% • Purchase evaluated regularly • SunPower panels deliver 60% more energy from the same PREMIUM PERFORMANCE WARRANTY – Enjoy the benefits of ownership with no monthly • Installers receive industry leading design and installation space over 25 years2 payment training • Durable solid copper foundation • SunPower panels average only 0.25% power loss per year over the first 25 years2 – Keep the tax credits and any other state, local, or utility incentive5 MONITORING ENABLES PEAK PERFORMANCE 2 RIGOROUS TESTING & ANALYSIS • SunPower predicts its panels will have a useful life of 40 years • Lease SunPower monitoring is available to you and your installer in • Durability and
    [Show full text]