US Solar Industry Warns Against Slowdown Due To Tariffs On Solar Panel Imports

The U.S. solar industry cautioned against a significant slowdown in project installations in 2022 triggered by global supply chain disruptions and new U.S. tariffs on panel imports from Southeast Asia, Reuters reports.
U.S.' lengthy investigation of the alleged tariff dodging by Chinese panel makers could lead them to implement the tariffs retroactively.
The slowdown jeopardizes the Biden administration's climate goals.
Southern Company's SO Georgia Power utility had received regulatory approval to delay five planned solar facilities adding up to 970 megawatts of capacity by November 2024.
NextEra Energy, Inc NEE, EDF Renewables, and Consolidated Edison, Inc ED were developing the projects of Southern Company.
Due to the tariffs, NextEra saw 2.1 GW - 2.8 GW of its solar and energy storage projects shift from 2022 to 2023.
The largest solar trade group looked to slash its 2022 and 2023 solar installation forecasts by 46%.
According to the Solar Energy Industries Association, more than 315 projects got withdrawn or shelved.