Canadian Solar Comments On Anti-Dumping Determination

"We are deeply disappointed by the DOC's decision, especially in context of the overwhelming damaging impact on the U.S. solar industry," said Mr. Koerner. "This preliminary AD announcement will definitely jeopardize what we have worked so hard for and have achieved in the last few years in the U.S. market: solar industry job creation and affordable clean energy - from small residential installations to large utility scale power plants. While we applaud the government's vocal dedication to sustainable development and job creation via fostering the solar market; the pattern of protectionism directly contradicts these commitments. This decision in favor of one non-competitive PV manufacturer will cost tens and thousands of jobs across the entire U.S. solar industry, which currently employs more than 140,000 local workers," added Mr. Koerner. "As a Canadian company with international activities and an international supply chain, we firmly believe in free international trade and a free market economy with no trade barriers. Meanwhile we will continue to honor our commitment to our customers in the U.S. and serve the market with our high quality solar products. By leveraging our global and competitive supply chain we do not expect any significant disruption to our business in U.S.," concluded Mr. Koerner.