$2.5 Billion in Solar Projects Canceled or Frozen After Trump Solar Panel Tariffs

 President Donald Trump’s tariff on imported solar panels has led U.S. renewable energy companies to cancel or freeze investments of more than $2.5 billion in large installation projects, along with thousands of jobs. That’s more than double the about $1 billion in new spending plans announced by firms building or expanding U.S. solar panel factories to take advantage of the tax on imports. The U.S. solar industry employs more than 250,000 people — about three times more than the coal industry — with about 40 percent of those people in installation and 20 percent in manufacturing, according to the U.S. Energy Information Administration.

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Renewable energy is one of the fastest growing sectors of our economy. Or it was anyway, until now. They hire more people than coal, and most of these companies will pay for your training. These are good paying jobs, and the skills can be used virtually anywhere in the world. So now we have to destroy it and go back to 19th century technology.

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Isn't this big opportunity for producing these solar panels in the U.S. instead of importing them. Buy American should have been a thought from the beginning. More jobs? 

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How typical. But China gets a pass, right?? https://www.reuters.com/article/us-china-solar/global-solar-forecasts-lowered-as-china-cuts-support-policies-idUSKCN1J231I?rpc=401&

China announced it would not be undertaking any more solar projects, and that they were cutting the subsidies ($15.6 billion) associated with it.

"“When the industry talks about China, it’s always about how demand in the region exceeds expectations. That is not going to be the case anymore.”

So bored with this.

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sad to see that US is way behind countries like China, Australia....

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So far we've seen 2.5 billion dollars worth of work go away and nothing much in return.

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there is actually a good American sector that will benefit by keeping the manufacturing here. Stop worrying about a couple of large companies making their management rich by keeping China's economy growing.

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1 minute ago, JohnAtronis said:

there is actually a good American sector that will benefit by keeping the manufacturing here. Stop worrying about a couple of large companies making their management rich by keeping China's economy growing.

Bought your ZTE phone yet?

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6 hours ago, LAOIL said:

 President Donald Trump’s tariff on imported solar panels has led U.S. renewable energy companies to cancel or freeze investments of more than $2.5 billion in large installation projects, along with thousands of jobs. That’s more than double the about $1 billion in new spending plans announced by firms building or expanding U.S. solar panel factories to take advantage of the tax on imports. The U.S. solar industry employs more than 250,000 people — about three times more than the coal industry — with about 40 percent of those people in installation and 20 percent in manufacturing, according to the U.S. Energy Information Administration.

Kill jobs in the sunshine, prop up jobs in a cave.
 

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Just now, Hajga Loma DK said:

Kill jobs in the sunshine, prop up jobs in a cave.
 

nice

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2 minutes ago, Hajga Loma DK said:

Kill jobs in the sunshine, prop up jobs in a cave.
 

Looks like the estimate that Trump's tariffs will lose 3 million jobs, is grossly understated.

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If you buy the panels from China, the only jobs are installing them. Once they are installed, where are the jobs. Make the panels here and the jobs are still here.

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Just now, JohnAtronis said:

If you buy the panels from China, the only jobs are installing them. Once they are installed, where are the jobs. Make the panels here and the jobs are still here.

another Wharton graduate? More money is made in parts and maintenance, just like with cars

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1 minute ago, Ja’Nako Bezze said:

another Wharton graduate? More money is made in parts and maintenance, just like with cars

God, I just saw that whole Trump family graduated from Wharton

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Let's wait for the numbers of Q2 for new electricity generation, I think it will be more than 90% renewables.

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GTM Research, a clean energy research firm, recently lowered its 2019 and 2020 utility-scale solar installation forecasts in the United States by 20 percent and 17 percent, respectively, citing the levies.

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4 minutes ago, JunoTen said:

Let's wait for the numbers of Q2 for new electricity generation, I think it will be more than 90% renewables.

Let's wait for the numbers when the subsidies are allowed to expire, because you know, it's so cheap.

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1 minute ago, SLL said:

Let's wait for the numbers when the subsidies are allowed to expire, because you know, it's so cheap.

It is cheap and will get cheaper ! I say cut the subsidies but cut them for everyone, that means coal and natural gas too.

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China pretty much bought the silicon solar panel business, with low pricing, far below what we can produce them for, a few years ago. Probably hurt Germans and Japanese far more than the US. But as stated, jobs in solar are in the components like inverters and hardware and installation anyway. The tariff will help the thin film side a bit. Overall the tariffs will probably cause a large contraction in the USA. The rest of the world will proceed. 

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