Trade policy uncertainty and soaring commodities costs are impacting solar development
US solar faces policy and cost headwinds
Recent government move to pause tariffs on imports from Southeast Asia not enough to remove uncertainty hampering the sector, analysts say
The US commercial solar power sector faces significant headwinds in the near term as trade policy uncertainty and soaring costs threaten the viability of some projects, according to speakers at consultancy Wood Mackenzie’s Solar & Energy Storage Summit in San Diego, California. US president Joe Biden paused the imposition of new tariffs on solar panels and modules from Southeast Asia for up to two years in early June to help ease a shortage of components amid a US Department of Commerce (DOC) probe into attempts by Chinese manufacturers to sidestep duties. Biden also authorised use of the Defense Production Act (DPA) to accelerate domestic manufacture of clean energy technologies, includ
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
