JA Solar Withdraws From EU Minimum Solar Pricing Agreement
- Commission’s minimum price doesn’t reflect market, says JA
- Panels exported to EU will be made outside JA’s China plant
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JA Solar Holdings Co., the fourth largest maker of solar modules, opted out of an European Union program that spares them from paying tariffs in exchange for agreeing to a minimum price-floor for their products.
The minimum price set by the European Commission’s Price Undertaking program is outdated and “considerably” higher than average selling prices in the 28-nation bloc, the Shanghai, China-based company said in a statement to GlobeNewswire Inc. on Wednesday.