Inventec to Maintain Its Investment in Solar Business Despite ITC’s Dumping Investigation

published: 2014-02-19 17:47 | editor: | category: News

Inventec Corp., a Taiwanese electronic devices and green energy provider, announced that it will continue investing in the program of two solar power plants in spite of the anti-dumping and countervailing investigation launched by the U.S. International Trade Commission (ITC).

Inventec Energy and Inventec Solar Energy are subsidiaries of Ivnentec that focus on solar business. These two companies have been supporting two solar power plant projects and they won’t retrieve the investment, according to Richard Lee, the president of Inventec Corp. Last year, Inventec’s total investment in solar business reached TWD 10 billion and the corporation plans to invest more this year.

“Driven by capacity expanding and strong market demand, the revenue of Inventec’s solar business will also double to TWD 20 billion in 2014,” claimed Lee.

Regarding to the new investigation on anti-dumping and countervailing duties, Inventec believes that this won’t seriously impact its subsidiaries’ solar business and related operation for two reasons: first, the amount of solar system installation will dramatically increase this year; second, Inventec pays more attention to the Japanese market rather than the U.S. market.

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