Climate bill defeat a blow to U.S. solar production, First Solar CEO says

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Climate bill defeat a blow to U.S. solar production, First Solar CEO says
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The collapse last week of legislation that includes subsidies for domestic solar panel output is a blow to nascent efforts to wean the solar industry off major reliance on China, the chief executive of the largest U.S. solar panel producer said on Monday.

"Where we sit now there is no policy, there's no direction, there's no indication for anyone to invest here in the U.S. for solar manufacturing."The lack of a domestic supply chain for solar panels, a fast-growing industry that is key to achieving President Joe Biden's climate change goals, is a growing problem for the industry.

First Solar won't build its next plant in the United States, Widmar said, calling the Biden administration's efforts to boost solar manufacturing insufficient. "Instead you see the opposite," Widmar added, pointing to the closure this year of LG's solar factory in Alabama.

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