Solar panel imports to the US from Southeast Asia surged to an all-time high in the second quarter as manufacturers raced to lock in supply before expanded tariffs took effect in June.
Imports climbed to 17.4 gigawatts, led by shipments from Vietnam and Thailand, according to a report Tuesday from S&P Global Market Intelligence. That’s 36% higher than a year earlier, topping the previous record of 15 gigawatts in the fourth quarter of last year.
Imports have tripled since 2022, when President Joe Biden ordered a two-year waiver on the collection of expanded duties for some solar components from Southeast Asia, which expired in June. The surge in shipments has prompted a group of manufacturers to seek retroactive duties on imported panels and cells as the US International Trade Commission and Commerce Department weigh whether the goods are being dumped in the US at below-market prices.
US to award $3 billion to 25 projects for battery manufacturing sector
The U.S. Energy Department said Friday it plans to award $3 billion to 25 battery manufacturing sector projects in 14 states as the Biden administration works to shift the supply…
ADB approves $500 million loan for Indonesia’s energy transition efforts
The Asian Development Bank (ADB) said on Friday it has approved a $500 million policy-based loan to Indonesia to fund a program designed to help its energy transition efforts.
US and Ecuador convene meeting of the Trade and Environment Committee under U.S.-Ecuador Trade and Investment Council
The Committee, chaired by Assistant United States Trade Representative for Environment and Natural Resources Kelly Milton, exchanged views and priorities regarding trade and environment policies, including addressing the climate crisis,…