SolarWorld Commends Key Trade Vote as Step Toward Restoring U.S. Solar Manufacturing

HILLSBORO, Ore.--(BUSINESS WIRE)--SolarWorld
Americas Inc.,
the largest U.S. crystalline-silicon solar-technology
manufacturer for more than 42 years, commended today’s 4-0, bipartisan
vote of the U.S. International Trade Commission (ITC) that determined a
surge of imports has seriously injured the domestic solar cell and panel
manufacturing industry.


The determination means that the underlying Section 201 case will move
into a remedy phase. SolarWorld and Suniva Inc. are co-petitioners in
the case.

“On behalf of the entire solar cell and panel manufacturing industry, we
welcome this important step toward securing relief from a surge of
imports that has idled and shuttered dozens of factories, leaving
thousands of workers without jobs,” said Juergen Stein, CEO and
president of SolarWorld Americas. “In the remedy phase of the process,
we will strive to help fashion a remedy that will put the U.S. industry
as a whole back on a growth path. We will continue to invite the Solar
Energy Industries Association (SEIA) and our industry partners to work
on good solutions for the entire industry. It is time for the industry
to come together to strengthen American solar manufacturing for the long
term.”

Nearly 30 U.S. solar-panel producers ceased manufacturing operations
from 2012 to 2016, the period of investigation in the case, according to
ITC figures. During this period, global imports increased nearly
five-fold. This surge was led by China, whose imports rose by more than
700 percent, according to International Trade Commission data.

The ITC will now conduct the remedy phase, including a hearing on Oct. 3
and a recommendation to the President on Nov. 13. President Trump then
will have about two months to adopt that recommendation or another
remedy.

About SolarWorld REAL VALUE: SolarWorld Americas Inc., the
largest U.S. crystalline-silicon solar manufacturer for more than 42
years, produces and sells high-tech solar power solutions and, in doing
so, contributes to a cleaner energy supply throughout the Americas. The
company maintains 430 megawatts of annual capacity to produce solar
cells and 550 MW of capacity to manufacture solar modules. The company’s
brand stands for a proven track record of quality and reliability, and
SolarWorld is the only producer whose industrial lineage has outlived
its products’ 25- and 30-year performance guarantees. SolarWorld upholds
high social standards and commits itself to resource- and
energy-efficient production. With its program Solar2World, the company
supports the expansion of solar power in developing countries in Latin
America. Connect with SolarWorld on Facebook,
Twitter,
LinkedIn,
Instagram
and www.solarworld.com.


Contacts

SolarWorld Americas Inc.
Ben Santarris, 503-693-5189
Head of
Corporate Communications
Mobile: 503-927-9858
Ben.Santarris@SolarWorld.com