US solar must work through latent demand ‘bubble’ before AD/CVD intervention is felt

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

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.

However any prospective legal challenge to the waiving of tariffs faces an uphill struggle given the timelines involved, PV Tech’s latest Insights webinar has heard.

PV Tech was joined earlier this week by Clean Energy Associates’ Paul Wormser and Stoel Rives’ Morten Lund to discuss President Biden’s two-year waiving of anti-dumping and countervailing tariffs on solar cells and modules originating from Southeast Asia and, crucially, the next steps for the markets in light of the intervention.

While Biden’s executive action has undoubtedly removed uncertainty in the marketplace and opened up module supply, there remains a “bubble” of demand that has been building since the Biden administration’s withhold and release order on imports containing products linked to silicon metal provider Hoshine. That order prompted the seizure of some solar module shipments at the US border, complicating supply.

That bubble was further exacerbated by the risk posed by the Department of Commerce’s AD/CVD investigation and the latent demand will “take some time to be worked through”, Wormser said, adding that most manufacturers are now sold out through this year, with some sold out into 2023 and 2024.

There is good news for developers, EPCs and other importers however with the verdict that any prospective legal challenge to the executive action – which has been mooted as a possibility – faces an “uphill struggle” given the two-year time limit on the waiver, as discussed by Lund.

The full webinar can be viewed on demand below.

Read Next

June 29, 2022
The US solar industry is facing fresh module shipment delays after new import documentation was demanded by Customs and Border Protection (CBP).
June 29, 2022
An introduction to Huawei’s SmartDesign 2.0 tool, which produces 3D rooftop PV and energy storage system designs within 10 minutes.
PV Tech Premium
June 28, 2022
Solar and energy storage were described by Elon Musk as going together “like peanut butter and jelly”. Andy Colthorpe meets some of the players creating this winning combination in the US.
June 28, 2022
Utility-scale renewables developer Intersect Power has secured US$750 million in funding to take its portfolio of renewables, energy storage and green hydrogen projects beyond 8GW.
June 27, 2022
Nearly 1.5GW of solar PV in the Philippines has been contracted through the country’s new renewables auction round.
PV Tech Premium
June 27, 2022
The latest round of price surges in the solar value chain has caused PV module prices in China to exceed RMB2/W (US$0.30c/W).

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event