Threat to U.S. Solar Expansion in Potential Panel-Import Tariffs

first_imgThreat to U.S. Solar Expansion in Potential Panel-Import Tariffs FacebookTwitterLinkedInEmailPrint分享Bloomberg:Solar developers are suspending construction as the looming threat of U.S. import tariffs has driven up prices and spurred hoarding, crimping panel supplies.“We’ve had roughly $500 million worth of work that we’ve had to put on hold,” said Scott Canada, who oversees renewable energy projects for McCarthy Building Cos. of St. Louis. “The supply of panels has just evaporated as everybody is grabbing what they can.”The disruptions date to about May, after bankrupt panel manufacturer Suniva Inc. filed a trade complaint asking for protection from cheap imports. As the case gained steam, developers rushed to stockpile every available panel. The case is currently before the U.S. International Trade Commission and may eventually reach the Oval Office, where President Donald Trump has the authority to impose tariffs.The crunch is an abrupt reversal for the $29 billion U.S solar industry, which six months ago was awash in inexpensive panels. Developers say prices have swelled by about 40 percent in the past four months, making some projects uneconomical to build. And that’s if they’re lucky enough to have a supplier at all.“If you don’t have panels lined up for ’17 than you aren’t going to get them,” said Laura Stern, president and co-founder of Nautilus Solar Energy LLC in Summit, New Jersey. “The market is really tight.”Solar manufacturing is dominated by companies in China and elsewhere in Asia, where intense competition and booming output helped drag down global prices more than 50 percent in five years. While those declines have been a boon for companies that build solar farms, they’ve squeezed panel makers in markets with higher labor costs, including the U.S.Georgia-based Suniva, which filed its trade case in April, is asking for tariffs that may double the price of panels in the U.S. The trade commission has until Sept. 22 to investigate the case and send its findings to Trump, who gets final say.“We’ve got our fingers crossed that smarter minds will prevail and we won’t wind up with tariffs,” said Andrew Giraldo, president of engineering, procurement and construction at National Renewable Energy Corp. of Charlotte, North Carolina.Solar developers have vociferously opposed Suniva’s trade complaint, saying tariffs on cheap imports will hobble demand for new installations and eliminate thousands of jobs. The case has also drawn criticism from free-market trade groups, including the R Street Institute, National Taxpayers Union, American Legislative Exchange Counsel and others who released a letter Tuesday urging the trade commission to reject Suniva’s plea.More: Solar Developers Hoard Panels as U.S. Tariff Threat Loomslast_img read more

PREMIUMSales drop as rising prices of oranges, chicken meat cripple Jakarta traders

first_imgGoogle Facebook Anda Juanda, a 57-year-old fruit trader at Palmerah Market in West Jakarta, increased the prices of his oranges to Rp 25,000 (US$1.75) per kilogram from Rp 20,000 in January. He offered the smaller ones for Rp 20,000 per kg, a rise from Rp 15,000, as supply has dropped after orange farmers in Medan failed to have a harvest. Since the price hike, Anda’s sales have fallen by 40 percent to 30 kg per day in the January-February period from 50 kg per day. He decided to reduce his orange purchase in a bid to minimize his losses.”Customers asked me why the prices have increased,” Anda, who has been selling at the market for 27 years, said on Thursday. “We sell them at higher prices because the suppliers’ raised their prices. If we sell them as usual, we would not make a profit.”Anda’s decision to increase his orange prices was in line with last … Forgot Password ? Log in with your social account Linkedin Topics : LOG INDon’t have an account? Register here market Jakarta-markets price price-adjustment sales orange meat chicken Poultrylast_img read more