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Sunrun (NASDAQ:RUN) and SunPower (NASDAQ:SPWR) are amongst greater than 240 photo voltaic and storage corporations urging the U.S. Division of Commerce to reject a petition for brand new anti-circumvention tariffs on photo voltaic merchandise, as a December 1 deadline quickly approaches for a preliminary choice.
In a letter despatched to Secretary Gina Raimondo on Wednesday, the Photo voltaic Vitality Industries Affiliation requested for a unfavourable preliminary willpower within the company’s investigation into whether or not photo voltaic cells and modules assembled in 4 Southeast Asian international locations are circumventing U.S. anti-dumping and countervailing responsibility orders on cells and modules from China.
An affirmative willpower or extra delays “would create new uncertainty for American photo voltaic companies, stifle deployment, and restrict American photo voltaic jobs,” the letter stated.
The DoC probe stems from a petition earlier this yr from California-based Auxin Photo voltaic, which alleges that module producers in Malaysia, Thailand, Vietnam and Cambodia use affiliated Chinese language suppliers and a completely built-in Chinese language provide chain to avoid U.S. anti-dumping and countervailing responsibility orders on cells and modules from China.
Sunrun (RUN), SunPower (SPWR) and different photo voltaic names have been rising in current days as California regulators launched a scaled-back model of a plan to reform the state’s rooftop photo voltaic subsidy.
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