Citing unfair limits on its European growth potential in Europe, which are serving to disrupt its global expansion strategy, and faster-than-anticipated average selling price declines, Trina Solar and associated companies announced on December 11 its intention to withdraw from the European Unions price undertaking (UT).
The decision has now been confirmed, with the Official Journal of the European Union publishing the withdrawal on January 28.
Trina is the seventh company to have withdrawn from the MIP, and the first to do so voluntarily. Last year, Chint Solar, Sunny Solar, Canadian Solar, ET Solar, Renesola and Znshine were removed, by the EU, after it was found that they had breached the terms set out in the UT.
The UT, which saw Chinese solar companies agreeing to sell their solar cells and modules at a MIP, resulted from the imposition of anti- dumping and subsidy duties in 2013. Trinas duties were 47.7% and 3.5%, respectively, to be applied for a two-year period beginning Dec. 6, 2013.
Despite an expiry review investigation, launched on December 5, after SolarWorld-led EU ProSun filed a request early last September, the EU said duties would be maintained throughout this year. The investigation could last up to 15 months.
Trina has said it will continue to service EU customers through its overseas manufacturing facilities.