Due largely to write-downs the high-efficiency PV maker lost a whopping $750 million during Q4 2017, as it sells off assets.
Following the introduction of 30% graduated tariffs on U.S. imports of solar cells and modules, the European Union and China have joined South Korea and Taiwan in filing a complaint with the World Trade Organization.
The latest analysis by current and former GTM Research executives argues that there is insufficient economic reason to manufacture solar in the United States.
GTM Research has issued new details that show that distributed solar installations will also see a more than 10% decline from the base case through 2022.
The newly minted merger of Neo Solar Power, Gintech and Solartech is planning a module factory, the second such factory to be announced by a large Asian PV maker since tariffs were finalized.
The President’s proclamation provides a path for specific products to apply for exemption from tariffs, which had been sought by both SunPower and the government of Korea. Additionally, imports from a number of developing nations are exempt as long as import levels remain small.
The latest reactions to President Trump’s tariffs on imported solar include the Korean Government’s announcement that it will file a petition with the World Trade Organization (WTO) and Mexico’s promise of legal action.
Despite winning concessions from the Trump Administration in the Section 201 case, SEIA is still fighting.
President Trump’s tariff decision was not the worst-case scenario for the U.S. market, but GTM Research says that it will still have effects, particularly in marginal and emerging regional markets.
While it was not the worst case scenario, the solar industry is not at all pleased with the imposition of 30% tariffs in the first year.
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