Also on the rise: Chinese solar group calls forced labor allegations ‘unfounded’, and two southwest utilities issue RFPs for solar and distributed energy resources.
Also on the rise: JinkoSolar says demand softened as polysilicon prices rose in Q1, battery EVs are forecast to rule the roads by 2050, and New York State issues site permits for two solar projects.
Further price increases for residential and C&I projects, along with a possible drop in module shipments and even more delays for utility-scale projects are possible in the wake of action by the Biden administration to address forced labor allegations in China.
The action was taken under Section 1307 of the Tariff Act and targets Hoshine Silicon Industry Co. and its subsidiaries. Goods may be immediately detained under the action.
The Labor Department said it took the “extraordinary measure” in response to the “severity of the ongoing human rights abuses.”
The action follows growing pressure on the administration to act on allegations of forced labor in the solar supply chain. One analyst warns of a “significant negative impact” across the U.S. solar industry.
Rebuilding our domestic solar supply chain won’t happen overnight, and we need long-term solutions. The Solar Energy Manufacturing for America Act is an excellent start.
The industry’s leading trade group has called for supply chains to shift by the end of June, and pressure grows on the Biden administration to act on allegations of forced labor use.
The Solar Energy Manufacturing for America Act would establish a tax credit for domestic solar manufacturers in an effort to boost the U.S. solar supply chain, create American clean energy jobs, compete with Chinese manufacturers, and support energy independence.
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