In this list
Electric Power

Trump revokes bifacial solar panel exemption, slaps 18% import tariff

Energy | Electric Power

Platts Forward Curves – Gas and Power

Commodities | Chemicals | Crude Oil | Electric Power | Electric Power Electricity | Energy Natural Gas | Energy Transition | Carbon | Emissions | Renewables | LNG | Natural Gas | Refined Products

Market Movers Europe, Nov 27-Dec 1: COP28 kicks off in Dubai as OPEC+ meets on production quotas

Oil | Energy Transition | Energy

APPEC 2024

Commodities | Electric Power | Energy Natural Gas | LNG

Interactive: Europe’s pivot to LNG intensifies

Electric Power | Electricity | Energy | Energy Transition | Renewables

Platts EuGO: European Guarantees of Origin assessments

Oil & Gas | Shipping | Coal | Metals | Electric Power | Energy Transition | Refined Products | Bunker Fuel | Fuel Oil | Marine Fuel | Metallurgical Coal | Steel | Ferrous | Nuclear | Renewables | Crude Oil

Commodity Tracker: 5 charts to watch this week

For full access to real-time updates, breaking news, analysis, pricing and data visualization subscribe today.

Subscribe Now

Trump revokes bifacial solar panel exemption, slaps 18% import tariff


Solar developers claim efficiencies from panels

SEIA says move to impose tariffs will inflate prices

  • Author
  • Jeffrey Ryser
  • Editor
  • Shashwat Pradhan
  • Commodity
  • Electric Power
  • Topic
  • Energy Transition Environment and Sustainability US Policy

US President Donald Trump signed a proclamation Oct. 10 revoking a loophole that has allowed the import of "bifacial" solar panels, and has moved to set tariffs at 18%, up from the 2021, fourth-year 15% level the original tariff action called for.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The move drew a sharp rebuke from the president and CEO of the Solar Energy Industries Association, Abigail Ross Hopper, who said the Office of the US Trade Representative was "unnecessarily squeezing the supply of panels in the US, thereby inflating prices for consumers."

The fast growing solar power industry was the first market to be hit by tariffs by Trump, in February 2018. Imported crystalline silicon cells, modules and AC/integrated modules were slapped with a 30% tariff as part of a four-year effort to slow imports mainly from top Chinese manufacturers.

Imports of the panels received a 25% tariff in 2019, a 20% tariff in 2020 and were scheduled for a 15% tariff in 2021.

A number of solar products, however, were granted exemptions, one of which was the bifacial panel that allows for the generation of electricity from both sides of a solar panel. South Korean and Chinese manufacturers are the leading exporters.

Bifacial panels, which are considered by some solar project developers as offering improved efficiencies, were granted a full exemption in June 2019. Since October 2019, the exclusion has been under review.

Trump said that on Feb. 7, 2020, the US International Trade Commission issued a report on the results of its monitoring of developments with respect to the domestic solar industry.

"The ITC found that, following imposition of the safeguard measure, prices for CSPV cells and modules declined in a manner consistent with historical trends, but were higher than they would have been without the safeguard measure," the proclamation said.

"After taking into account the information provided in the ITC's reports, and after receiving a petition from a majority of the representatives of the domestic industry with respect to each of the following modifications, I have determined that the domestic industry has begun to make positive adjustment to import competition, shown by the increases in domestic module production capacity, production, and market share," Trump said in his proclamation.

Exclusion 'impaired effectiveness' of tariffs: Trump

Trump said in his proclamation that the exclusion of bifacial panels from the application of the safeguard tariff has "impaired and is likely to continue to impair" the effectiveness of his earlier imposed tariff regime "in light of the increased imports of competing products." He added "it is necessary to revoke that exclusion and to apply the safeguard tariff to bifacial panels."

He also said that to achieve the "full remedial effect envisaged for that action, it is necessary to adjust the duty rate of the safeguard tariff for the fourth year of the safeguard measure to 18%."

The SEIA's Ross Hopper called the move to rescind the bifacial exemption and the imposition of tariffs "an extraordinary and unprecedented turn of events," without there being "any opportunity for public notice and comment."