An ongoing investigation into whether China is circumventing tariffs on its solar energy products is slowing the expansion of solar power capacity in the U.S., according to industry experts.
, an independent energy research consulting company, found a potentially even more dramatic contraction in the solar industry, concluding that 64% of the 27 gigawatts of new solar capacity that was to be installed in this year is in jeopardy.
The administration is caught between its climate goals and desire to protect American manufacturers from unfair trade practices. If China can produce cheaper solar panels, with or without a government subsidy, it benefits American consumers and helps speed up the replacement of fossil fuels that cause greenhouse gas emissions. But allowing a rival to dominate the supply chain of growing U.S. energy sources could be risky, as Europe has seen with its reliance on Russian oil and gas.
Employees in Nantong City, in China's Jiangsu province, work on the solar panel production line at a workshop of Jiangsu Fox Group Co., Ltd. on April 18. “At the moment, the products we're seeking to market have been pushed back at least a quarter,” Phillips said. “There's less expectation of panel availability, and therefore dates for projects are being pushed back.”
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Beat The Market By Investing In Freedom – And Shunning Places Like Russia And ChinaI'm a reporter on Forbes' money team covering investing trends and Wall Street's difference-makers. I've reported on the world's billionaires for Forbes' wealth team and was previously an assistant editor covering money and markets. I graduated from Duke University in 2019, where I majored in math and was the sports editor for our student newspaper, The Chronicle. Send news tips to htuckerforbes.com.
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