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China sanctions fell by 20 cents this year on the US solar expansion

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According to analysts, 2022 compared to a year ago, 23% fewer solar panels were installed in the United States. Experts blamed the sanctions against China for the money being thrown from China.

Source: Nikkei

American clean energy economy is behind on its own trade action, says Abigail Hopper, director of the SEIA. The energy and storage industry are committed to building an ethical supply chain, but supply companies must not buy the equipment they need to invest in US facilities, because it’s still dangerous for manufacturers.

The problem is that the largest manufacturing company in the world of polycrystalline silicon and solar panels made from it and other components in China is the Xinjiang Uygur region. According to the USA, forced labour is used there, which should be halted. To be clear on polysilicon from this region, the USA imposed up to 200% of the tax. In addition, there were a number of other regulations concerning the export of solar power plants from China.

The manufacturers of Southeast Asia discovered a defect. Many companies from Thailand, Vietnam, Malaysia, Cambodia and other countries began to buy custom-made Chinese products and sell them as their own. This government conducted an independent investigative investigation, which included other countries. Because of the rapid deployment of solar installations in the United States, President Joseph Biden didn’t have to intervene and give an order for at least two years to stop imposing tax on the solar products of companies from Southeast Asia.

Despite various factors, the cost of components has increased greatly. The Solar Energy Manufacturers Association pointed out that in 2010, the installation of new solar energy systems decreased by 40 % (to 10,3 GW). The number of panels in a private house over the past two years has increased by 37%, but the number of panels being installed in homes with private space has grown by 5-8 GW, so it is not possible for obvious reasons to compensate for the decline in the dynamics of large projects. In 2016, only two million new solar installations were installed in the United States during the year.

In response to the climate threat, Hopper said, we can’t waste time changing trade laws. However, without the adopt of new laws or amendments, everything is unlikely to get started.

The Inflation Reduction Act signed in August by the President of the United States established a number of incentives for launching solar panels in the United States and many manufacturers are already willing to launch new plants.

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