Also on the rise: Former utility exec Mary Powell takes over as CEO of Sunrun, talks stall on an Illinois clean energy bill, and you’ve got $30 billion to spend: Nuclear or solar?
The SEIA opposes extending the Trump-era tariffs, saying they hurt overall solar sector growth and are not an effective way to spur new manufacturing investment.
In his annual letter, shared with pv magazine, Yuri Horwitz lays out a roadmap for U.S. companies to follow as an “historic expansion” of demand for solar and storage gets underway.
Also in the brief: Tesla’s first-ever Diversity, Equity and Inclusion Impact report shows the Elon Musk-helmed EV pioneer’s U.S. leadership is 83% male, and 59% white. Joe Biden weighs the 25% China import tariff, Some Cadillac dealers choose not to invest in an EV future.
Also in the brief: Loanpal closes largest residential solar securitization to date, and a model for solar-plus-storage assets.
Proclamation issued Oct. 10 cites impact of imported bifacial panels on U.S. solar manufacturing, while also raising the scheduled fourth-year tariff rate from 15% to 18%.
As it stands today, 2021 will likely be one of the strongest markets for solar equipment manufacturers selling into the U.S. market. A perfect storm of a recovering market post-pandemic, access to cheap capital, and the impending ITC drop-off will create strong, near-term market demand, as well as intense safe harboring activities.
Federal trade authorities have ruled that bifacial solar modules are no longer subject to the Section 201 ruling, which currently apply a 25% tariff to most solar modules imported to the United States.
There are indications that the Trump Administration may be reaching a deal with Chinese authorities, but the trade war goes on.
The new round of IT-related tariffs would make it more expensive for any manufacturers planning to import cells from China for module production in the United States.
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