Forbes Article – Department of Commerce Decision Puts Fate of U.S. Solar Industry in Jeopardy

May 29, 2022
Perspective and Insights Renewable Energy

By George Strobel, Forbes Financial Council Member

On March 28, in a decision that would put the U.S. solar industry on hold, the U.S. Department of Commerce initiated an anti-dumping investigation into imports of solar cells and modules from Cambodia, Malaysia, Thailand and Vietnam in response to a petition from a small California solar panel manufacturer, Auxin Solar. The investigation could result in tariffs of up to 250% on imports from these four countries, which account for more than 80% of all U.S. solar module imports. These tariffs could cripple solar deployment, threaten tens of thousands of U.S. jobs and make it virtually impossible for the Biden administration to meet its climate goals.

Read the full article.

Related Posts

Monarch Private Capital Hires Andrew Milhouse as Manager, Renewable Energy

Monarch Private Capital Hires Andrew Milhouse as Manager, Renewable Energy

The Company continues to expand its renewable energy division, portfolio and depth of expertise Monarch Private Capital, a nationally recognized impact investment firm that develops, finances and manages a diversified […]

Read More

Company Announcements Renewable Energy

Kendall Sustainable Infrastructure with Monarch Private Capital, Advanced Solar Products, Independence Solar and Arcadia Begin Operation of New Jersey Community Solar Sites Serving Over 650 Households

Kendall Sustainable Infrastructure with Monarch Private Capital, Advanced Solar Products, Independence Solar and Arcadia Begin Operation of New Jersey Community Solar Sites Serving Over 650 Households

Cambridge, MA – Kendall Sustainable Infrastructure (“KSI”) has begun operation of four new community solar projects totaling 4.4 MW and serving 686 households in and near Pennsauken and Moorestown, NJ. Partners […]

Read More

Renewable Energy

<strong>Monarch Private Capital Finances 363 MW of Solar Energy Installations in October</strong>

Monarch Private Capital Finances 363 MW of Solar Energy Installations in October

The renewable energy facilities deliver clean power to regions of Georgia, Indiana, Minnesota, Texas and Virginia Monarch Private Capital, a nationally recognized ESG investment firm that develops, finances and manages […]

Read More

Company Announcements Renewable Energy

See More News

Contact us for more information about impact investing, federal and state tax credits.