solar panel tariff will cost over $2.5 billion in projects and thousands of jobs, developers say
President Donald Trump has imposed tariffs on imported solar panelsS.
Renewable energy companies cancel or freeze investments in excess of $2.
The developer told Reuters that 5 billion of the large installation projects, as well as thousands of jobs.
This is more than double the new spending plan announced by companies that set up or expand the US market by about $1 billion. S.
Solar panel factories use import taxes.
The different effects of tariffs on the solar industry highlight that protectionist trade measures almost always hurt one or more domestic industries because they protect each industry from foreign competition.
For example, Trump\'s steel and aluminum tariffs hurt American manufacturers. S.
Farm equipment made of steel, such as tractors and grain boxes, are purchased by farmers at a higher price.
White House officials did not respond to requests for comment.
Trump announced tariffs in January because most solar industries protested that the move would cool one of America\'s fastest solar industries --Growth sector.
Solar developers complete utilities
A total of $6 for installation.
According to the Solar Industry Association, 8 billion last year.
These investments are driven by the US government. S.
Tax incentives and lower panel costs for imports, mainly from China, have allowed solar power to compete with natural gas and coal. The U. S.
More than 250,000 employees in the solar industry
About three times the coal industry.
According to U. S. data, about 40% of them are in installation and 20% are in manufacturing. S.
Energy Information Administration
\"Solar energy is really on the verge of full takeoff,\" said Zoe Hanness, chief executive of Charlotte, a solar developer in North Carolina, pine gate renewable energy.
GTM Research, a clean energy Research firm, recently reduced utility by 2019 and 2020 --
Taking the tax as an example, the solar installation scale forecast in the United States is 20% and 17%, respectively.
Officer of Sunivaa Chinese-owned, U. S. -
The bankruptcy of a solar panel maker prompted the Trump administration to consider tariffs.
Requests for comment were not answered.
Companies with domestic panel factories have differences in policy.
Solar giant SunPower is opposed to tariffs that will help it in the United States. S.
The panel factory because it will also damage its domestic installation and development business as well as its overseas manufacturing business.
\"There may be more jobs without tariffs,\" said Chief Executive Tom Werner . \".
Tariffs of 30% are expected to last four years, down 5% per cent annually during this period.
Solar developers say the tax will initially increase the cost of major facilities by 10%. Leading utilities
Scale Creek Renewable Energy Co. , Ltd. said it was forced to cancel or freeze $1.
Project 5 billion-
Mainly in Texas and Carolina, Colorado.
Spokesman Jeff McKay said that because the tariff raises the cost, it is beyond the level at which it can compete.
He said that this is equivalent to about 150 projects in different stages of development, and 3,000 or more workers will be employed during installation.
These projects account for the fifth place in the company\'s overall pipeline.
Bret Sowers, the company\'s vice president for development and strategy, said that developer Current has made similar decisions on about $1 billion in projects, mainly in South Carolina.
\"Either you make the decision to default, or you bite your teeth and make less money,\" said Sors . \".
Neither Cypress Creek nor south Current will reveal which items they intend to cancel.
They say the details can help their competitors, and it will be harder to do if the projects become financially viable later on.
Both companies are a group of solar developers who ask trade officials to rule out panels used in their utilities --
Expand the scale of the project from the tariff.
Office of the US government. S.
The trade representative said they were still evaluating the requests.
Other companies have similar problems.
Scott, Canada, senior vice president of renewable energy at solar project builder McCarthy construction, said his company plans to hire about 1,200 people on solar projects this year, but due to tariffs, this number has been reduced by half.
Hanes said that at the same time, Pine will complete about half of its planned 400 MW solar installation this year and give up plans to hire 30 permanent employees.
The company also withdrew.
In the bidding process held by Georgia electric power company Southern, the cost of the MW project will be as high as $0. 15 billion.
At the end of last year, when it learned that the Trump administration was considering tariffs, it withdrew the offer.
\"This is not feasible,\" says Hanes . \".
For some developers, the tariff means abandoning emerging markets in the heart of the United States, which grew most strongly last year.
This growth has focused on voters supporting Trump\'s state in 2016 presidential election.
South Bend, Indiana-
For example, Midwest-based developer Inovateus Solar LLC decided three years ago to focus on emerging Midwest Solar markets such as Indiana and Michigan.
But the tariff has triggered a shift to Massachusetts, where renewable energy incentives have made it more profitable. J.
Other developers are moving forward and they are eager to take advantage of the remaining 30 years
The percentage of federal tax credits for solar installations that are scheduled to begin phasing out in 2020.
Some companies saw the arrival of tariffs and stored panels before Trump announced them.
174 Power Global, South Korea\'s Hanwha development arm, stored 190 MW of solar panels for a project in Texas at the end of last year, which broke ground in January.
According to Larry Green, the company is paying more panel fees for two Nevada projects that start operating this year and next, but is pushing ahead with construction, who leads the company\'s development in the United States? S. West.
Intersect Power, a developer, reached an agreement with Austin Energy last year to provide low
CEO Sheldon kingber says cost power is also advancing in the capital city of Texas.
But tariffs have forced people to delay buying solar panels. The 150-
The MW project will start generating electricity in 2020.
Wait until the last minute to purchase the module will allow the company to take advantage of the 5-
He said it was reduced by a few percent every year.
Trump\'s tariffs, as expected, have boosted domestic manufacturing, which could significantly boost U. S. manufacturing over time. S.
Panel production, lower prices.
For example, panel manufacturers First Solar and JinkoSolar announced that they plan to spend $0. 8 billion on projects to increase panel construction in the United States since the tariff collection, about 700 new jobs have been created in Ohio and Florida.
Just last week, South Korea\'s Hanwha q cells also joined them, saying it would open a solar module factory in Georgia next year, although the company did not elaborate on job creation.
At the same time, SunPower acquired the US power company. S.
After the tariff was announced, SolarWorld\'s Oregon plant saved 280 jobs in the plant.
The company said it plans to hire more staff at the plant to expand operations, but did not specify how many people there were.
But SunPower also said it had to cut 250 jobs in other departments of the organization due to tariffs.
Industry experts said that due to the improvement of automation, the number of jobs in the panel manufacturing industry is also limited.
Heliene-a Canadian company is opening an American company. S.
The factory, which can produce 150 MW panels a year, says it will employ 130 to 140 workers in Minnesota.
\"The factory is highly automated,\" said Martin Pochtaruk, president of Heliene . \".
\"You won\'t hire too many people.
There are many robots.