Power Sec. Jennifer Granholm stated on Thursday the administration is “working on a few things” to assist a panicked photo voltaic trade that’s seeing initiatives grind to a halt amid a Commerce Department tariffs probe.
“I know the administration is working on a few things; I wish I could give you more,” Granholm instructed reporters. “But stay tuned on that. The sooner the better.”
Photo voltaic initiatives across the nation have have been halted because the Commerce Division investigates a declare that most of the solar panels and elements imported into the US use elements from China that must be topic to US tariffs.
Greater than 300 photo voltaic initiatives within the US had already been delayed or canceled as of late April, in keeping with a survey by the Photo voltaic Power Industries Affiliation, a non-profit commerce group. Photo voltaic CEOs instructed CNN they anticipate extra cancellations to comply with, and concern the probe may devastate the photo voltaic workforce.
Granholm stated she was “deeply concerned” concerning the nation’s potential to deploy the quantity of photo voltaic wanted to satisfy President Joe Biden’s 2035 objective for 100% clear electrical energy.
“There’s a desire not to pressure, of course, a [Commerce] quasi-judicial proceeding, but of course there is deep concern about how long this takes,” she added. “That’s why I think the administration is looking at other options.”
Granholm didn’t give extra particulars on the content material or timing of the choices the administration was taking a look at.
She added that she understood Commerce Secretary Gina Raimondo’s “hands are tied” present process the photo voltaic tariff investigation. Commerce officers have stated the investigation is slated to have its preliminary discovering by late August, however its remaining willpower may take longer.
The investigation was launched after one small US-based firm, Auxin Photo voltaic, filed a criticism in February. Auxin CEO Mamun Rashid instructed CNN earlier this month that the criticism “was existential” for his firm.
“When prices of finished panels from Southeast Asia come in below our bill of materials cost, American manufacturers cannot compete,” Rashid stated, including that “if foreign producers are circumventing U.S. law and causing harm to U.S. producers like Auxin Solar, it needs to be addressed.”