【SMM PV News】China's Inverter Exports Hit $944M in May, Up 14% YoY

US Customs and Border Protection has issued a final determination finding that Waaree Energies evaded tariffs on solar cells from Vietnam and Malaysia between 2021 and June 23, 2026. CBP will assess anti-dumping duties of up to 271.28% on Waaree’s imported solar modules found to be subject to the tariffs, while continuing to suspend liquidation until the final duty bill is settled or any appeal is resolved. The investigation was launched in June 2025 under EAPA case 8163 following a petition by US solar manufacturers. CBP said Waaree was able to show it had enough non-Chinese cells to account for its US module imports, but found that the company had misreported the country of origin for certain imports over a four-year period.

The Africa Solar Industry Association said Africa’s solar market is becoming more diversified, with countries such as Tanzania, Zambia and Algeria making notable progress in utility-scale solar deployment this year. Beyond large-scale projects, commercial and industrial solar demand continues to grow, supported by improving project economics. Solar system costs in parts of Africa now range from around USD 0.08/kWh to USD 0.20/kWh, well below diesel generation at about USD 0.38/kWh. AFSIA said data centers and mining companies are emerging as active solar buyers. SMM believes that as costs fall, demand for reliable power rises and financing capacity improves, Africa’s solar growth will increasingly come from a wider range of national markets and C&I applications.

On June 27, Jingang PV announced that it intends to acquire a 70% stake in Jinta Haoyang New Energy Power Co., Ltd. (hereinafter referred to as “Jinta Haoyang”) from its affiliate Jiuquan Haoyuan New Energy Co., Ltd. through a cash payment, with a transaction price of approximately 70.75 million yuan. Upon completion of the acquisition, Jinta Haoyang will become a controlled subsidiary of Jingang PV and will be consolidated into the company’s financial statements. After the acquisition, Jingang PV plans to use Jinta Haoyang as the implementing entity to invest in the construction of a 400,000 kW wind power project in Jinta County, Jiuquan, Gansu Province, an area with abundant and favorable wind resources. The total investment is estimated at 1.66 billion yuan.