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Sino-US trade issues have caused PV projects to be cancelled or delayed

  • Source:the Internet
  • Release on :2018-12-24
According to the latest report from the Solar Industry Association and Wood Mackenzie, approximately $8 billion in large-scale in the five years to 2022PhotovoltaicThe power station project was cancelled or shelved. At the same time, the report said that due to tariffs, 9,000 jobs – mainly construction and engineering jobs – may be lost or no longer added.
In January 2018, in order to promote the development of photovoltaic manufacturing in the United States, President TrumpPhotovoltaic systemMost of the imported solar cells used in the collection impose tariffs of up to 30%, and the tax rate has dropped year by year in four years, gradually being phased out.

About 10% of solar cells in the United States are produced domestically. The United States imposes tariffs on materials such as steel, aluminum and electronic components, increasing the cost of building solar power plants. A spokesperson for the Solar Industry Association, a major trading group in the solar industry, said that because PV practitioners, banks and other financial institutions and power purchasers do not know how tariffs will be arranged, large-scale projects have been cancelled before the official tax rate announcement. The spokesman pointed out that due to this uncertainty, all parties decided not to advance the project.

In 2018, due to the sharp drop in domestic demand in China, global component prices plunged by about 25%, and the situation of project extension seems to have turned around.

Wood Mackenzie analysts expect that many delays may be re-launched by the end of the year.

Bret Sowers, vice president of development and strategy at Southern Current, said, “The key to determining whether we are developing a project is whether we can propose the best cost alternative. If we can propose the lowest cost alternative, we can provide the project.” When you add up all the tariffs, in addition to the tariffs on solar panels, tariffs have given the solar industry a big impact on the materials used in construction projects."



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