Several Chinese-owned solar panel manufacturers in Malaysia have been forced to shut down or reduce operations due to increased US tariffs. These firms, including Jinko Solar, Risen Energy, and JA Solar, previously targeted the US market. Higher scrutiny over company ownership and potential tariff hikes have made their products less competitive in the US. This situation has significantly impacted Malaysia's solar sector, with major players like Risen Energy and Longi Green Energy Technology Co scaling back investments and production plans.
Most solar panels installed in the US are made overseas, and some 80 per cent of imports come from countries like Malaysia. — AFP picas a first-time user .
“With higher scrutiny over the ownership of companies exporting solar panels to the US, and potential higher tariffs by Trump, their products will no longer be competitive in the US market,” he added, referring US’s newly inaugurated 47th president Donald Trump. Meanwhile, Longi Green Energy Technology Co, which contributes more than 37 per cent of Malaysia’s solar capacity, has halted expansion plans after establishing three plants in Selangor and Sarawak.also cited consultancy firm Wood Mackenzie saying China's solar firms dominate Malaysia's sector, making up nearly 80 per cent of the country's 23.6GW production capacity.
The group, the American Alliance for Solar Manufacturing Trade Committee, accused big Chinese solar panel makers with factories in Malaysia, Cambodia, Vietnam, and Thailand of causing global prices to collapse by dumping products into the market.
SOLAR ENERGY TRADE WAR US TARIFFS MALAYSIA CHINESE COMPANIES
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