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Market Challenges in USA Willis He China Sunergy (CSUN) USA. We Love Efficiency to Save Your Money. L egal H urdles for Entering the US. We are warmly welcome to do business in United States. There are few legal hurdles, except some legal and administration work just like China.
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Market Challenges in USA Willis He China Sunergy (CSUN) USA We Love Efficiency to Save Your Money
Legal Hurdles for Entering the US • We are warmly welcome to do business in United States. • There are few legal hurdles, except some legal and administration work just like China. • However, trade petition>>> We Love Efficiency to Save Your Money
Trade Petitions Come from A Few of Bankruptcies • August 15, 2011: Evergreen filed bankruptcy. • August 31, 2011: Solyndra filed bankruptcy. • September 8th, 2011: FBI raided on Solyndra that received $535M money loan guarantee from US government. • Technical failures and political blame We Love Efficiency to Save Your Money
US Solar Industry is Its Victim • Solyndra represents US solar industry. • 1603 is abused. • Solar is corrupted. • Obama administration and democratic party are under attack by republic party. We Love Efficiency to Save Your Money
Chinese Manufacturers are its Victim • Eventually Solarworld and other 7 US panel manufactures filed trade petitions again Chinese module manufacturers including countervailing and antidumping on October 19, 2011. • US DOC announced 3%~5% countervailing tariff on Chinese cell panel on March 26th. • The antidumping tariff will be announced on May 18th that is supposed to higher than the countervailing tariff. • However, 2% cannot represent 98%>>> We Love Efficiency to Save Your Money
2% cannot represent 100% • Eventually Solarworld and other 7 US panel manufactures represent only 2,000 solar employees. • There are 100,000 solar employees in solar industry. • The remaining 98,000 solar man and women include installers, developers, finance people, etc. They want less expensive solar panels. • Most importantly, just like everyone in the world, US solar industry works hard to achieve grid parity, welcome less expensive Chinese panel. • Facing misconception on US solar industry from Solyndra, SEIA BOD held meeting and passed emergency fund to conduct PR campaigns immediately against the misunderstanding. We Love Efficiency to Save Your Money
Thank You! We Love Efficiency to Save Your Money