Yingli Green Energy Holding Company Limited, the vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar", provided on December 17th a statement with regards to the European Union's recent announcements to impose definitive anti-dumping and anti-subsidy duties and to confirm the acceptance of the price undertakings effective from August 6th, 2013.
On December 5th, 2013, the EU published regulations imposing definitive anti-dumping and anti-subsidy duties. The EU Commission decision confirming the acceptance of the price undertakings entered into effect on Friday, December 6th for a period of two years, ending on December 6th, 2015. The duties are imposed without retroactive effect but the provisional anti-dumping duties of 11.8% (starting from June 6th, 2013 to August 5th, 2013) will be collected.
"As the Company has participated in the price undertakings and fully complies with its regulations, Yingli Solar modules will be exempt from duties. We are confident in Europe's gradual transition to a sustainable market and expect solar PV to continue playing a material role in supporting the EU's policy targets," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.