Is the U.S. About to Enter a New Solar Trade Dispute?
Suniva’s Bankruptcy Filing and Potential Trade Petition
On April 17, Suniva filed a Chapter 11 petition for bankruptcy. As part of its declaration, Suniva stated that it has raised post-petition financing from SQN Asset Servicing, LLC, contingent on Suniva prosecuting a petition under Section 201 of the Trade Act of 1974. A successful petition via Section 201 would have an intentionally adverse impact on imported solar modules, although the full scope of the petition is not yet public.
This new subscriber-only research note provides an overview of Section 201, the state of the U.S. solar module manufacturing industry, and the wide-ranging potential impact of a filing from Suniva and subsequent case on the U.S. solar industry.
4/26/2017: This note has been updated to include the findings from Suniva’s petition filed on April 26th.
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