U.S. solar companies, imperiled by price collapse, demand protection – By Evan Halper (The Washington Post) / April 25, 2024
Several of the biggest American solar manufacturing companies are demanding aggressive action against cheap imports, arguing in a petition filed Wednesday with the Commerce Department that firms in four Asian countries are illegally flooding the U.S. market with Chinese-subsidized panels.
Though the panels are not produced in China, the petitioners allege many are made in factories linked to Chinese-based companies that benefit from massive price supports.
The complaint comes amid a glut of solar panels on the global market that has driven prices down by 50 percent over the past year, with the International Energy Agency projecting prices will fall even further. Manufacturers are currently making two solar panels for every one that is getting installed, according to the IEA. The oversupply is imperiling a boom in U.S. manufacturing driven by President Biden’s signature climate bill, the Inflation Reduction Act.
“We are seeking to enforce the rules, remedy the injury to our domestic solar industry and signal that the U.S. will not be a dumping ground for foreign solar products,” said Tim Brightbill, an attorney for the American Alliance for Solar Manufacturing Trade Committee, the group of U.S. firms that filed the petition. The group includes such industry giants as Ohio-based First Solar and Qcells, which has used Inflation Reduction Act subsidies to invest in huge new manufacturing facilities in Georgia.
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