The US solar industry warns of a sharp decline in project exports this year as disruptions to the global supply chain and the threat of new US costs to panel sales from Southeast Asia strike home.The American power company Southernon Thursday said almost a gigawatt of its planned solar power projects would be delayed for a year, most recently in a series of warnings from companies and industry representatives citing the two issues. The slowdown in solar industry growth could be detrimental to Biden’s climate change plans, which include the US emission of the US energy sector by 2035 with widespread adoption of wind power and solar power.
“I express my deepest concern for this,” Energy Secretary Jennifer Granholm said on Thursday as she testified at the ANC’s budget forum. He was responding to a lawyer’s question about the threat of a new solar installation. In a conference call to discuss the company’s quarterly results, South Africa’s chief financial officer, Daniel Tucker, said Georgia Power’s company had received regulatory approval last week to delay several solar projects a year.
The delay until November 2024 applies to five planned solar centers in Georgia that add up to 970 megawatts, according to the regulatory document. That is enough capacity to power 184,000 homes. The projects are being developed by Nenedera, EDF Renewables and Consolidated Edison, according to regulatory documents. Georgia Power has 30-year power purchase contracts at those facilities. The Southern is committed to reducing its carbon emissions to “zero zero” by 2050, in part by achieving greater solar energy prices.
Last week, NextEra said it expects about 2.1 to 2.8 GW of its solar energy saving projects to go from 2022 to 2023. The company strongly criticized the US Department of Commerce’s commercial investigation into alleged tax evasion by Chinese panel manufacturers, which was launched last month. it could lead to the cost of solar panels from four Southeast Asian countries with an estimated 80% import rate in the United States. The investigation, which will not be completed for months, has brought uncertainty to the solar market because prices can be used repeatedly.
Earlier this week, a large group of solar traders said they were reducing their sunset forecasts this year and next by 46% due to the threat of new costs. More than 315 projects have been canceled or delayed, according to the Solar Energy Industries Association.
Tax concerns have added to a variety of headaches for US solar developers including rising costs for parts, labor and property as the global economy recovers from the coronavirus epidemic.
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