ACP survey: At the least 65 p.c of utility-scale solar initiatives in danger into 2023

By SB Staff April 20, 2022 View Profile

Industry suggestions continues to be compiled for the reason that U.S. Department of Commerce initiated the anti-circumvention investigation on solar imports from 4 nations in Southeast Asia. And that suggestions from the utility-scale solar phase, as you’d anticipate, is just not good.

The American Clean Power Association (ACP) collected market impression knowledge from main utility-scale solar builders representing over 150 energetic solar initiatives. This sampling of the trade is simply that – a sampling – and “the economy-wide implications are almost certainly greater than what is presented here,” the group says. “This preliminary market feedback makes clear the inquiry is already having a severe adverse impact on the industry.”

Prior to the choice by Commerce to provoke this inquiry, market researchers anticipated 17 gigawatts (GW) of utility-scale crystalline silicon (c-si) solar to be added to the grid in 2022 and practically 20 GW in 2023.

ACP’s market impression survey signifies that a minimum of 65% of the projected c-si market throughout 2022-2023 is already at vital danger of cancellation or delay.

The commonest motive cited for this impression was a scarcity of module availability. Given the intense tariff danger (as much as 250%) that might be utilized retroactively again to April 1, 2022, manufacturing and provide to the U.S. from the focused nations has largely been halted. This lack of provide of deliberate solar modules has put a considerable portion of latest solar initiatives prone to being cancelled or pushed out for a 12 months or longer.

From these recognized knowledge alone, ACP lays out these implications throughout 2022 and 2023:

  • A 47% discount in President Biden’s solar purpose which requires 81GW of latest solar capability throughout 2022-2023
  • The lack of 38,000 American jobs in growth, manufacturing, development, and web site operations (which is equal to greater than a 3rd of the complete utility-scale solar workforce in 2020)
  • $30 billion in misplaced financial funding, and billions extra in misplaced contributions to native communities, landowners, and philanthropic endeavors
  • An improve in American’s energy payments as utilities and energy purchasers exchange deliberate solar energy with greater price fossil gas sources of energy
  • Close to 50% of energy storage initiatives could be equally impacted as they’re co-located with new solar development.

“The results from this study are more than just numbers on a page. Behind each data point are proud men and women that power clean energy in America, who are rightfully questioning why President Biden’s own administration is imperiling their livelihoods,” stated Heather Zichal, the CEO of the American Clean Power Association. “President Biden and the Department of Commerce must swiftly dismiss this inquiry for what it is – a self-serving attempt by one lone company to game the system to the detriment of the domestic solar industry.”

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Tags: market analysis, tariffs

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