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The U.S. Department of Commerce announced to impose countervailing duties (CVD) on certain Chinese PV cells and modules, hitting Trina Solar with rate of 18.56%, Wuxi Suntech with 35.21% and all others with 26.89%. EnergyTrend forecasts a beneficial result for Taiwanese manufacturers because this phase’s tariffs are higher than the tariffs imposed on 2012. However, the CVD ruling can be regarded as a preview of what may follow with the anti-dumping case ruling, indicating the possibility of even higher anti-dumping duties.
Demand in the China’s Distributed PV market continues to increase, which caused manufacturers to come up with solutions in response to the trend. From the 8th SNEC Exhibition, which ended last week, we can see that PV service integration has become the strategic focus for Chinese manufacturers.
EnergyTrend, green energy research division of TrendForce, and SNEC, the organizer of the world’s largest solar industry exhibition jointly hosted EnergyTrend PVforum 2014 at Kerry Hotel in Shanghai on May 21, 2014. EnergyTrend’s analysts offered in-depth analyses, covering important issues within PV and energy-storage industries.
Market demands to PV silicon wafers may remain stable as many manufacturers have reported growing monthly revenues. Meanwhile, demands also increased because of the postponement of US DoC’s initial verdict for anti-dumping duties. Stronger Chinese maker shipments, high shipment volume in the Japanese market, and improved economy condition in Europe are also helpful to the PV silicon wafer prices in the second quarter.
In 2013, Australia’s PV market capacity was 1GW. Meanwhile, Chinese PV imports to Australia were around 700MW, representing 70% of total module demand in Australia, according to EnergyTrend, a research division of TrendForce. In 2014, Australia’s PV capacity is likely to reach approximately 1.2GW. Since there are only 100MW of modules produced in Australia, Australian manufacturers tend to rely heavily on modules imported from foreign countries under a severe imbalance between supply and demand.