Are Chinese solar plants moving to Indonesia & Laos?
Chinese companies are increasingly shifting production lines to Indonesia and Laos, where U.S. tariffs do not apply. Among the new solar factories in these countries, at least four are linked to Chinese firms, with two more projects recently announced, totaling a capacity of 22.9 GW, most of which will be sold to the U.S. market.
What is the solar panel manufacturing industry in Vietnam?
The solar panel manufacturing industry in Vietnam is growing for both foreign and domestic firms specializing in manufacturing photovoltaic cells and modules. The competition is especially fierce, given that there are mostly foreign-owned companies, including China and the US, with only one Vietnamese firm.
Is the US a step behind in importing solar panels from Indonesia?
The design of the rules is such that the U.S. is usually one step behind. According to U.S. federal data, solar panel imports from Indonesia nearly doubled by August this year, reaching $246 million. An anonymous manager from a U.S. solar company stated that the shift of Chinese companies to Indonesian production has been rapid and significant.
What happened to Chinese solar companies in Vietnam?
Chinese solar companies in Vietnam, such as Longi Green Energy’s Vina Solar, have been significantly affected, with the company reducing production lines from nine to just one at its industrial park in Bac Giang province, resulting in hundreds of job losses.
Which solar companies got tariffs in Cambodia?
In contrast, four manufacturers in Cambodia—Hounen Solar, Jintek Photovoltaic, ISC Cambodia, and Solar Long PV Tech—got tariffs of 3,521.14%. The Southeast Asian country stopped cooperating with the U.S. probe, leading to such high penalties. The U.S. International Trade Commission will make a final determination on tariff rates on June 2.
Why are Chinese solar panels booming in Southeast Asia?
Chinese-owned solar manufacturing facilities have popped up across Southeast Asia as companies sought to navigate U.S.-China trade frictions. While Cambodia is still primarily an agrarian economy, solar panels were the Southeast Asian country’s top export to the U.S. last year, according to data from consultancy Oxford Economics.
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