22 Sept 2021
New Tariffs Could Jeopardize Upcoming Solar Projects in the U.S
The Index Today
According to a U.S solar industry group, tariffs imposed on panel imports from Asia could threaten almost 30% of the nation’s solar capacity in the coming years. The warning was made by the group after the Commerce Department announced it may look into a trade investigation regarding solar cells being imported from Malaysia, Vietnam and Thailand.
According to the Solar Energy Industries Association SEIA, the three main countries account for over 80% of entire panel and module import sector. SEIA sent a letter to the Commerce Department signed by 200 solar companies stating, “We cannot emphasize enough how damaging these tariffs would be to our companies and the entire American solar industry.”
With the new tariffs imposed, solar projects with 18 GW may no longer be viable by the year 2023. These projects provide enough power to sustain around 3.4 million homes in the US. American Solar Manufactures Against Chinese Circumvention put in their complaint with the Commerce Department regarding unfair imports. The group claims Chinese manufacturers are moving their processes to other countries to avoid antidumping duties imposed on them.
The group has not revealed its identity amid fear of retaliation in the sector. The petition has been proposed after the solar manufacturing industry stated how their products must be able to complete against cheaper Asian imports.