NEWS: Tariffs Harm U.S. Solar and Energy Storage Industries
According to a recent report by Wood Mackenzie, the costs of constructing utility-scale solar and battery storage systems could increase by as much as 50% due to new and proposed tariffs on imports from China. This situation presents developers with a significant challenge: navigating multi-year project timelines amid fluctuating policies.
In addition to rising Power Purchase Agreement (PPA) prices and an unstable supply chain, there is an urgent need for these energy assets in the grid. This combination has led to a slowdown in clean energy development, complicating what was intended to be a policy solution.
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