MenuIn a bold move, the US has announced sweeping tariffs on Chinese solar cells and modules, intensifying the Sino-American trade war in the renewable energy sector. Like electric vehicles, U.S. will use the full power of its trade regulatory apparatus to stymie China’s unfair competition.
This latest announcement came after a Department of Commerce probe revealed solar cells and panels produced by 4 Chinese companies underwent final processing in neighboring Southeast Asian countries to evade American tariffs on Chinese goods. The investigation has sent ripples through the US renewables market, leading the Solar Energy Industries Association (SEIA), the largest national solar trade group, to reduce its 2023 and 2024 installation projections by 46% This comes as developers like NextEra Energy Inc (NEE.N) and Southern Co (SO.N) cautioned about significant project delays.
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