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US Solar Dealt Another Trade Blow

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US solar growth faces fresh uncertainty even as the Biden administration works to implement landmark tax incentives meant to spur scores of projects, following a recent trade-related blow. The US Commerce Department late last week delivered a long-anticipated decision in its probe of whether China-based solar manufacturers are skirting existing US tariffs on solar products by completing them in Southeast Asia. US solar interests have already warned the investigation was having an effect in the US — delaying necessary solar panels and other components due to the perceived risks —and the department’s findings could trigger a new wave of uncertainty. Solar lobbies are suggesting that the latest trade decision could undermine the benefits for solar companies in the Inflation Reduction Act meant to unlock billions in clean energy tax credits. The decision undermines “any sense of business certainty that American companies rely on to continue investing in America’s clean energy future," said JC Sandberg, interim CEO of American Clean Power Association.

Topics:
Low-Carbon Policy, Policy and Regulation, Renewable Electricity
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