Science

United States tariffs on solar panels could crush industry

United States tariffs on solar panels could crush industry”

According to Bloomberg, citing a report from GTM Research, a request to put tariffs on solar panels could eliminate two-thirds of the solar systems forecast to be installed in the next five years. When a cell import tariff is added to the calculation only 26 state markets would reach solar grid parity, GTM notes.

Research firms are typically not known for hyperbole, but GTM said that after crunching the numbers, its analysts concluded Suniva's tariff would result in "unprecedented demand destruction" for the US solar industry.

The new GTM Research analysis points out that the majority of utility-scale solar PV procurement now relies on solar being cost competitive with natural gas alternatives, and now three-quarters of the utility-scale solar PV pipeline was procured outside of renewable portfolio standards.

While utility-scale installations would be hardest hit, residential projects would fare somewhat better. It was joined in the petition by another domestic manufacturer, the USA division of Germany's SolarWorld.

It should also be noted that one of the parties to this complaint, SolarWorld, also filed trade complaints of its own in 2011 that set off a firestorm of criticism and condemnation from well-known industry observers who predicted dire consequences for the industry - consequences that clearly did not materialize, given the industry's continued explosive growth during that period. It's asking for duties of 40 cents a watt for solar cells, which now sell for 25 cents to 33 cents a watt. These prices have not been in place since 2012, according to Reuters.

If Suniva's suggested remedy of a $0.78/Wdc minimum crystalline silicon PV module price is accepted, USA solar demand would be reduced by 50% cumulatively over the next five years.

More news: Wyndham Worldwide Corp (NYSE:WYN) Institutional Investors 2016 Q4 Sentiment

The US ITC will make its decision in September this year, in regard to whether imports are causing harm to domestic producers.

PV Magazine reports that Trump would then have the final say as to what will happen going forward. In the end, the results may be vastly different than what Suniva is seeking.

Furthermore, the value proposition of solar in many states where PV has become cheaper than natural gas power, while also providing a good hedge against the volatility of wholesale pricing, would be effectively erased under both scenarios, said Honeyman. "I don't want to just hope the wind blows to light up your homes and your factories, as the birds fall to the ground." .

"SolarWorld - as the largest United States crystalline silicon solar manufacturer, with more than 40 years of USA manufacturing experience - will assess the case brought by Suniva, but prefers that any action to be taken against unfair trade shall consider all parts of the U.S. solar value chain", Stein said.

The Solar Energy Industries Trade Association, the US solar trade group, is opposed to Suniva's petition.



Like this

loading...
loading...

Latest


27 June 2017
Egypt parliament approves islands transfer to Saudi Arabia
Israel returned the islands to Egypt as part of the Camp David Accords in 1979. The deal has been subject to challenges in court over the past year.

27 June 2017
Jim Ross & Lita Doing Commentary For The Mae Young Classic
ET after SmackDown LIVE , which is also scheduled to take place at the Thomas & Mack Center in Las Vegas that night. Especially if he's planning on attending the show to interview people backstage for his podcast.

27 June 2017
Kerala University UG Admission 2017 third allotment list out, how to check
After the declaration of KEAM trial allotment result , the candidates will have time until 28th June 5 PM to alter the options. CEE Kerala will publish the Trial Allotment for KEAM qualified candidates today and the same will be made available online.

27 June 2017
Pregnant Serena Williams stars on the breathtaking new cover of 'Vanity Fair'
There's also an update on Williams's plan to return to competing on the women's circuit as soon as January 2018. She added that her immediate reaction was, "Oh my God, this can't be - I've got to play a tournament".

27 June 2017
Substitute teacher charged with sexual contact with student
She became a teacher assistant in January and was removed April 27, the day the relationship was first reported to police. A detective interviewed the student on May 3 and Barclay on May 4, according to the probable cause statement.

27 June 2017
Feliciano Lopez battles back against Marin Cilic for victory at Queen's
Cilic brought up match point with an ace but Lopez saved it when he cut off the Croat's attempted pass with a stretching volley. Notably, it was the former, who dumped out Wawrinka with a straight set win over the Swiss star in his tournament opener.

27 June 2017
Mattis blames Congress for lack of military readiness
The defense secretary's remarks Tuesday to the Senate Armed Services Committee followed criticism from the panel's chairman, Sen. In the last ten years, Congress has passed 30 separate stopgap budget measures, he said . "It's about authorities.

27 June 2017
Ecommerce firms get a breather on TDS, TCS
At that time, Finance Ministry had reminded them about billion dollar valuations, and the profits made by them. When that merchant pays GST later, then this tax payment will be credited back under tax collected at source.

27 June 2017
Tottenham 'can sign Schalke attacking midfielder Max Meyer for £17.5m'
Tottenham Hotspur have set their sights on Schalke wonder boy Max Meyer to bolster their ever-impressive midfield armoury. At club level the 21-year-old struggled to make the same impression last season that he had made in previous seasons.

27 June 2017
Anthem Reaches $115M Data Breach Settlement
As part of the settlement, Anthem would also commit more money to improve its data security and encryption systems in the future. The company will also have to provide compensation to customers already enrolled in credit monitoring services.