Following Commerce ruling, Stion ramping up production
by MBJ Staff
Published: June 11,2014
HATTIESBURG — Stion, a manufacturer of high-efficiency thin-film solar modules and provider of photovoltaic solar solutions, will increase manufacturing capacity of its next-generation Elevation Series CIGS solar modules for the second half of 2014, and continue to ramp up for increased 2015 demand precipitated by the news of the U.S. Department of Commerce’s preliminary tariffs on Chinese solar modules shipped to the U.S.
Stion’s Elevation Series CIGS thin-film modules are designed in San Jose, Calif., and manufactured in Hattiesburg, with distribution in the U.S. and internationally.
The U.S. Commerce Department’s announcement last week came after a lengthy countervailing duty investigation (CVD) for solar products imported into the U.S. from China to address an existing loophole that enabled an unfair pricing advantage to foreign manufacturers. The decision will effectively raise prices on solar imports into the U.S. in the near term pending a final decision on Aug. 18. This “anti-dumping” tariff will significantly increase prices for developers utilizing Chinese-made products for solar installations in all major segments, Utility, Commercial and Residential. Many projects may subsequently be delayed or lose funding if Internal Rates of Return are adversely affected and the developers are unable to locate a cost-effective, non-Chinese-made technology alternative.
“We understand that this preliminary tariff will put a strain on the U.S. solar market as current major Chinese solar equipment supplier pricing increases from 18 to 35 percent, with the average Chinese supplier prices increasing by 27 percent,” stated Stion President and Chief Executive Officer Chet Farris. “Stion is committed to serving the U.S. market with the highest quality U.S. designed and U.S. manufactured solar technologies. We are ramping up our operations to meet the needs of our domestic customers in the near term and for the growing U.S. solar market over the years to come.”
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Spivey named Under 40 Business Person of the Year by the Mississippi Business Journal
- Bids on reworking Interstate 55 stretch are rejected
- JACK WEATHERLY: Finding a house, defending a neighborhood, finding a voice
- Terminal upgrade on indefinite hold at Jackson International Airport
- JACK WEATHERLY: Economic development in these parts is a ‘family’ business
- Report ranks state schools' performance 51st in the nation
- Two new casinos like the odds on Mississippi Gulf Coast
- CFPB wants repay ability at center of new payday loan rules
- Hosemann to launch crowd funding program