Energy Evolution What's next in US solar manufacturing
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Feb 4, 2025 Edurne Zoco, an analyst at S&P Global Commodity Insights specializing in solar supply chains, joins Michael Parr, Executive Director of the Ultra Low Carbon Solar Alliance. They discuss the anticipated trade tariffs and their impact on U.S. solar manufacturing. Zoco reveals how module prices in the U.S. are significantly higher than in China and Europe, while Parr offers insights on policy changes affecting market dynamics. They also explore the implications of the Inflation Reduction Act and the competitive edge needed to bolster U.S. solar against Chinese dominance.
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US Solar Market Overview
- The US solar market is heavily reliant on imports, but new tariffs are changing that.
- Domestic production is increasing, but faces challenges like cell shortages.
US vs. Europe Solar Supply
- Unlike Europe's solar panel glut, the US market is isolated due to tariffs on imports.
- This makes US solar panel manufacturing more viable despite higher prices.
Solar Module Price Assessment
- S&P Global provides daily price assessments for solar modules in China, Europe, and the US.
- The assessments use market data like bids, offers, and trades, covering various module specifications and volumes.