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.
The request was made via a trade complaint from Suniva, which is a bankrupt panel manufacturer, according to Bloomberg.
Bloomberg said that Suniva’s case would lead to a rise in equipment prices and lower GTM’s installation forecast from 72.5 gigawatts to 25.
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One Reply to “Solar Panel Tariffs Could Have Devastating Effect On Industry”
The highly flawed and biased Analysis by GTM Research should be dismissed as wildly inaccurate.
The core assumptions are fundamentally flawed: The analysis by GTM Research (“GTM”) assumes a maximum price impact of $1.18 per watt which is a completely incorrect reading of the remedies requested in the petition. GTM made no effort to contact any of the firms supporting the petition to clarify or confirm its analysis. The only explanation for GTM failing to clarify its analysis is that whomever paid for the analysis, which is likely SEIA, didn’t want that answer.
SEIA which represents itself as serving the best interest of the US Solar Industry is actually chaired by one of the largest foreign manufacturers of solar cells. In the past, SEIA and GTM have coordinated on numerous reports of this nature many of which have contradictory findings from those put forth in the current report. SEIA has identified GTM as a partner on their website.
The reality is that the support being requested by Suniva will protect and restore tens of thousands of jobs and ensure that the US maintains its position as the leading innovator of renewable technologies as they become an increasingly important part of the energy base.