Solar panel industry urged to pivot as US market turns unviable
The US has imposed the combined final dumping margin of 94.36 percent and countervailing subsidy rate of more than 73.20 percent for Indonesian producers.
The US has imposed anti-dumping and countervailing duties totaling 94.36 percent on Indonesian solar panel exports. This has sent Indonesian Solar Energy Association (AESI) warning that US exports may no longer be profitable.
Herman Darnel, AESI's chairman, explained that such high dumping margin and subsidy rate imposed a "hefty" burden on Indonesian producers dependent on the US market. He cautioned the tariff pressure is raising the risk of reevaluating plans.
The market uncertainty could lead to factory utilization dropping and investment returns becoming more uncertain. However, the exact scale of export decline remains to be determined, according to Darnel.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
