GTM Research noted that the utility-scale sector could ride-out the impacts of a US$0.10/W tariff with a drop of 9% expected. Source: SunEdison.
The company also noted however, that the utility-scale sector could ride-out the impacts of a US$0.10/W tariff with a drop of 9% expected.
The International Trade Commission (ITC) will vote on recommended remedies, including potential tariffs on 31 October before President Trump makes his final determination in January next year.
GTM’s report attempts to assess the impact on the industry in the event of tariffs.
“First, we estimate that there will be nearly 5GW of solar capacity that is not subject to tariffs, either because it is not subject to the scope of the petition (i.e. thin film) or because both the cells and modules are manufactured in the US, Korea, Singapore, Canada or Australia, all of which may be exempt. In addition, over 2GW of modules have already been procured for 2018 projects, which will temporarily dampen the tariffs’ impact on demand.”
Singapore, Canada and Australia are currently exempted from any 201 tariffs however the petitioners, SolarWorld Americas and Suniva, are pressing the ITC to close any "loopholes" that would enable products partly manufactured in other countries to be finished in these nations.
GTM, which is openly against the 201 case, also warns that states with emerging residential markets could struggle to overcome the impact of increased module prices.
Following the successful launch of Energy Storage Summit USA, we are pleased to announce its return for a 2nd year. Renowned for its quality, breadth and expertise, this event features an all-encompassing range of strategic and technical sessions on the adoption and deployment of storage. Key market drivers such as the falling price of lithium-ion batteries, investment in electric vehicle infrastructure, FERC Order 841, government incentives, grid modernization, transition from dependency on the networks to a desire for autonomy and intermittent renewable sources, all add to an exciting time for the Energy Storage value chain.