Solarworld AG (SWV), the German solar-panel maker that led a group of manufacturers in a complaint against unfair competition from Chinese companies, expects the European Union to announce anti-dumping duties as early as May.
EU regulators may impose preliminary anti-dumping duties on Chinese solar products on May 1 or June 1, Chief Executive Officer Frank Asbeck said yesterday in an interview. The shares rose the most in more than a year in Frankfurt.
He expects the market to be “very tough” until the playing field becomes more fair in Europe. Bonn-based Solarworld will focus on the U.S. and Japan, where Asbeck said there is growing demand for higher efficiency panels. The company sees “no chance” to sell German solar panels in China due to “unfair market entry conditions,” he said.
“We expect a clear statement from the European Commission, as the data and facts show that unfair subsidies and dumping from Chinese suppliers takes place in Europe,” Asbeck said by phone.