REC Regrets Escalation in Solar Industry Trade War, Denies Any Wrongdoing

REC Silicon has been named a respondent in a trade case filing initiated by Chinese producers against polysilicon imports from the U.S. into China. REC Silicon denies any wrongdoing in this respect and regrets this escalation of the solar industry trade war.

REC believes that this trade case has been provoked by the solar trade war initiated by SolarWorld in the U.S., which has resulted in the imposition of preliminary antidumping and countervailing duties against Chinese solar cells being imported into the U.S. REC has opposed the imposed import duties in the U.S., and has voiced its opposition to a threatened trade case against Chinese-made solar modules imported into Europe.

REC is disappointed at the escalation of the trade war with the recent filing and is regretful of the prospect of increased costs across solar industry. REC Silicon values its Chinese customers highly, and does not believe it has engaged in price discrimination or unfair or illegal international trade in the export of its U.S.-made polysilicon to China and will defend itself in relation to any such charges.

REC firmly believes that cost reductions are needed throughout the entire the solar energy value chain in order to make solar energy cost competitive and thereby promote the adaption of solar energy globally. REC continues to reduce the cost of solar energy through the development of its proprietary, energy efficient Fluid Bed Reactor production process for the manufacture of polysilicon, the key feedstock in PV solar modules.

REC urges the U.S. and China to engage in constructive dialogue to prevent this destructive trade war.