Chinese solar firm puts US project on hold due to trade row

CECEP Solar has put a planned $500 million U.S. project on hold over an anti-dumping trade dispute


The company's general manager said that a planned installation of China-made panels to generate solar power in California, New Jersey and Texas would be made uneconomic by U.S. anti-dumping moves.

"If the solar panel prices increase by, say 30 percent, in the United States, following the move, then we would certainly drop the plan because there's no profit to be made," Cao Huabin, the general manager of CECEP Solar Energy, told a news conference in Beijing.

Prices of solar panels in the project, which account for about 70 percent of the costs, are set to jump if Washington imposes duties on imported Chinese products that U.S. rivals say breach agreed global trade rules.

"I don't see any alternatives to Chinese solar panels," Cao said, who described Chinese products as having "low prices but good quality."

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