The US Senate has passed a vote to repeal Joe Biden’s two-year waiver on solar import tariffs, a decision which the Solar Energy Industries Association (SEIA) has previously said could result in US$1 billion in retroactive tariffs for the industry and 4GW of project cancellations.
Italian utility Enel’s US subsidiary Enel North America has said that Oklahoma is the favourable location for its planned 3GW US cell and module manufacturing facility.
The US Department of Energy (DOE) has announced US$52 million in financing for research and development (R&D) into domestic solar manufacturing and recycling, including a focus on new technologies.
The US market is expected to see a strong uptick in overall module supply, both domestic and overseas, in 2023. Alongside this will be a range of different module technologies, making the US market the most differentiated from a technology standpoint this year.
Indian solar manufacturer Rayzon Solar has announced plans to set up a 500MW solar module factory in the US and expand its existing Indian production capacity by a further 1GW.
PV module prices are set to fall considerably in the next five years, though US market prices will remain higher than the rest of the world as its import policies and ongoing competition with China add a market premium.
