Thursday, February 1, 2018

It's a Disaster....Victory

President Donald Trump just slapped a whopping 30 percent tariff on solar panel imports.
This policy is bad for our country, moving us further away from, not closer to, global leadership in renewable energy.
This tariff, which significantly ratchets up the price of renewable energy in America, is a clear threat to our economy and environment.
1/31/18 GreenTechMedia:
JinkoSolar announced this week that it is finalizing plans to build an advanced solar manufacturing facility in the U.S., as the company continues to monitor the implementation of new tariffs on imported solar cells and modules
The company's board of directors authorized JinkoSolar to move forward with the construction process, as the Shanghai-based firm reported that it has signed a master solar module supply agreement with a U.S. counterparty to provide around 1.75 gigawatts of high-efficiency solar modules over three years.
JinkoSolar's management team recently told investors that it is targeting to build the U.S. facility for around $120 million, GTM learned. That amount is well below the total projected cost of a $410 million facility under consideration in Jacksonville, Florida -- dubbed "Project Volt." The Jacksonville City Council has already approved $24.2 million in incentives to attract the unknown foreign manufacturer involved in those negotiations.

1 comment:

  1. IOW, the people working on solar panels won't be able to work on something more productive and the people buying solar panels will have to pay more.