June 4, 2014
/PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "
", today commented on the preliminary countervailing duty ("CVD") tariff decision by the U.S. Department of Commerce regarding the import of certain PV solar products assembled in
using components from a third country. According to the decision, Yingli Green Energy will be considered part of the Separate Rates Group and will be subject to a preliminary anti-subsidy tariff of 26.89% on certain PV solar module imports.
"Today's decision will unfortunately make solar power more expensive for American consumers, and diminish opportunities for tens of thousands of U.S. solar jobs that we have helped to create. We will continue to fight this petition and defend ourselves, alongside the majority of the U.S. solar industry," said
, Managing Director of Yingli Green Energy Americas, Inc., the Company's operating subsidiary in the U.S. "We have fully cooperated throughout this investigation and have prepared ourselves for today's outcome, given the highly politicized nature of this case. We remain dedicated to the U.S. solar market and will continue to support our customers and projects."
Today's preliminary decision on the anti-subsidy side will be followed by another preliminary decision for anti-dumping, scheduled for
, 2014. No final tariff decisions will be made until the International Trade Commission completes its investigation as well, which is scheduled to occur before the end of 2014.
"As we have witnessed globally now, tariffs are not the answer to driving affordable solar energy," said Mr.
, Chairman and Chief Executive Officer of Yingli Green Energy. "We support international trade and fair competition and hope that those will prevail at the end of this dispute."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "
," is the world's largest photovoltaic module manufacturer in terms of production capacity and shipments. Yingli Green Energy's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and module assembly. Headquartered in Baoding,
, Yingli Green Energy has more than 30 regional subsidiaries and branch offices and has distributed more than 9,000 MW PV modules to customers worldwide. For more information, please visit
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Safe Harbor Statement
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