AD/CVD

US solar tracker manufacturer FTC Solar has cut its net losses compared with last quarter and Q2 2021 but has seen its revenue collapse, blaming a hostile solar environment in the US that has seen project delays and cancellations, which it said it now hoped was coming to an end.

US utility-scale solar installations in Q2 2022 were down 53% year-on-year as policy headwinds and trade issues impacted development and increased the backlog of delayed projects, a new report has revealed.

One-third of utility-scale solar projects slated to complete in Texas in this year are either on hold or yet to start, new analysis has claimed.

Despite US President Joe Biden’s AD/CVD intervention, US solar continues to face delays owing to a “bubble” of demand that has built up over the last year.

Earlier this week (14 June), White House officials and solar manufacturers sat down with one another to discuss how the Biden Administration could kickstart PV manufacturing via its recently enacted Defense Production Act (DPA).  

With President Biden declaring a two-year freeze on new tariffs on solar imports from Southeast Asia, questions have been raised about the legality of the move as industry stakeholders assess the risk of it being challenged in court.

The US solar market experienced its worst quarter for installations since the start of the pandemic in Q1 2022, weighed down by regulatory and supply chain issues.

US President Joe Biden’s decision to waive import tariffs on solar modules and other components for two years promises to thaw what had become a frozen market. PV Tech Insights will explore the next steps for US solar.

The decision of US President Joe Biden to waive tariffs on solar imports from Southeast Asia for two years and authorise the US Department of Energy (DOE) to use the Defense Production Act (DPA) to accelerate the production of clean energy technologies, including PV modules and module components, has been broadly welcomed by the US solar sector and industry analysts.

US President Joe Biden is to waive tariffs on solar imports from Southeast Asia for two years as part of a swathe of measures to boost renewables deployment.