Trina Solar's Statement on Preliminary Determination of Countervailing Duty in the United States

20.03.2012

March 20, 2012
San Jose, California

A preliminary determination was announced by the Department of Commerce (“DOC”) in Washington, DC regarding the exportation of Crystalline Silicon Photovoltaic Cells and Modules from China. The ruling establishes a preliminary rate of 4.73% for Trina Solar applicable to the importation of solar cells and modules/panels produced in China. Trina Solar, among other suppliers, was identified as an exporter of these products to the United States market. The DOC further preliminarily ruled that the scope of the case covered exports to the United States of Chinese made solar cells, as well as modules manufactured outside of China from solar cells produced in China. The DOC clarified that the scope does not cover the exportation of modules manufactured in China from solar cells produced in a third country. Trina Solar continues to take necessary steps in these administrative proceedings while abiding by its contractual commitments.

“Trina Solar is committed to providing high-quality modules and services to the United States market for the long term, where we strongly value our customer base and supply chain business partners,” said Jifan Gao, Chairman and CEO of Trina Solar.

“We thank our rapidly growing base of US customers for the strong support they have provided during a period of trade uncertainly. Together we took a forward stance to support each other during these past several months. Furthermore we remain committed to expanding the industry teamwork required to expand the use of solar solutions that can cost effectively replace fossil fuels,” added Mark Kingsley, Chief Commercial Officer of Trina Solar.

“To this end we continue working to ensure our U.S. team will continue to grow our North American business in order to meet our customers’ expanding service needs,”

“As applicable to the rest of the solar industry, this preliminary determination is a first step, and is subject to further examination and final determination later this year by the Department of Commerce. Kingsley concluded, “We remain committed to defend with data our position these unilateral duties are unwarranted and serve as an impediment to the broader adoption of solar energy in a time of rising fossil fuel costs. As a forward thinking global company, we will continue to assess our options to most effectively serve all of our markets, including our growing business segments in the United States.”