Taipei Times
Date: Jan 25, 2018
By: Lisa Wang / Staff reporter
Solar cell maker Neo Solar Power Energy Corp (新日光能源) yesterday said it is considering building a new solar module plant in the US to cope with new US tariffs on solar cells and modules.
US President Donald Trump on Tuesday approved recommendations from the US International Trade Commission to impose safeguard tariffs of up to 30 percent on solar cells and modules, and up to 50 percent for washers, citing the damage such imports could cause US manufacturers.
“We did think about building our solar module capacity, including constructing a new factory in the US, which is part of our restructuring efforts following a three-way merger,” Neo Solar chairman Sam Hong (洪傳獻) told a media briefing. “We are now seriously evaluating this option.”
“But the investment will be relatively small, at between NT$300 million and NT$500 million [US$10.2 million and US$17.1 million], with most of our new investments remaining in Taiwan,” Hong said. [FULL STORY]