Shortage Of Solar Panels Impacts Meeting Green Energy Goals In U.S.; American Clean Power Assn. (ACPA) Says One-Third Of Solar Projects De-layed In U.S.; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Says It Uses Domestically-Made Panels For QC And Availability Issues
The Wall Street Journal reports the lingering impact of Trump-imposed tariffs on Solar Panels — particularly from China — is that some one-third of all solar projects in the U.S. have been delayed, according to the American Clean Power Assn. (ACPA), reports the WSJ. Imports of solar panels from China and other Asian makers account for about 80% of all panels used. David Massey, Founder of Solar Integrated Roofing Corp. (OTC PINK: SIRC), has consistently made clear publicly that SIRC uses domestically-manufactured solar panels whenever possible because they are of higher quality. Meanwhile, US Customs Officials directed by the tariff laws have held up port-passage of some 23 gigawatts of panels destined for big solar projects. A spokesman for trade group American Clean Power Association (ACPA), says some 4,000 containers of panels have become stuck as a result in U.S. ports.
stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunburn, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).
Complicating the issue is that transshipped solar panels from other countries are caught, too. The Solar Energy Industries Association (SEIA), an industry trade group, says meanwhile suppliers must foot the bill for storage costs of the U.S. Customs-impounded solar panels. As a result, some solar developers are pushing back deadlines, seeking new suppliers or having little choice but to wait out the delays, the WSJ says.
Ironically, the tariffs and Biden Administration’s efforts have been aimed at rebuilding the domestic solar panel industry. But that could take years. In the meantime, large solar projects await a political decision to free the panels from the tariffs.
President Trump had earlier raised and extended tariffs on some foreign made solar panels — principally made in China — to protect domestically manufactured solar panels. China owns the lion’s share of the international solar panel industry. The Biden administration’s decision largely agrees with Trump’s extended and higher tariffs.
Source: Stock Market Press
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