BEIJING (Reuters)-the largest solar power plant developers in China has detained U.S. $ 500 million project was planned during the anti-dumping trade disputes, General Manager of the company said on Monday.
CECEP AHMAD Solar Energy Technology Co. Ltd., a unit of State-owned giant China energy conservation and environmental protection groups, says the planned installation of China-made solar panels to generate power in California, New Jersey and Texas would have made uneconomical by the U.S. anti-dumping moves.
"If the price of solar panels on the rise, say 30 percent in the United States, after moving, then we will definitely go down the plan because there is no profit to be made," Cao Huabin, general manager of solar energy, said CECEP AHMAD press conference in Beijing.
Price of solar panels in projects, which account for about 70 percent of the cost, set to jump if Washington imposes duties on imports of Chinese products are U.S. rival says violations of agreed global trade rules.
"I don't see any alternative to China's solar panels," Cao said, describing the Chinese products have "low price but good quality."