• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
China Is Running Circles Around American Solar Panel Makers Despite Biden Admin Subsidies And Tariffs

China Is Running Circles Around American Solar Panel Makers Despite Biden Admin Subsidies And Tariffs

July 17, 2024
NEWT GINGRICH: Beyond The August Recess

NEWT GINGRICH: Beyond The August Recess

July 26, 2025
CBS Trades One 60 Minutes Liberal Insider For Another

CBS Trades One 60 Minutes Liberal Insider For Another

July 25, 2025
JENNY BETH MARTIN: No Amnesty: America’s Immigration System Must Respect The Rule Of Law

JENNY BETH MARTIN: No Amnesty: America’s Immigration System Must Respect The Rule Of Law

July 25, 2025
Dem Admits Party’s Epstein Files Attack Line Is ‘Bulls*it’

Dem Admits Party’s Epstein Files Attack Line Is ‘Bulls*it’

July 25, 2025
‘It’s Important We Send A Message’: Tom Homan Tells Stephen A. Smith Why Trump Admin Can’t Only Deport Criminals

‘It’s Important We Send A Message’: Tom Homan Tells Stephen A. Smith Why Trump Admin Can’t Only Deport Criminals

July 25, 2025
Arizona Woman Sentenced For Scheme Helping North Koreans Steal American Jobs

Arizona Woman Sentenced For Scheme Helping North Koreans Steal American Jobs

July 25, 2025
Corporate Media Mostly Sidestepping Russiagate Revelations For Torrent Of Trump-Epstein Coverage

Corporate Media Mostly Sidestepping Russiagate Revelations For Torrent Of Trump-Epstein Coverage

July 25, 2025
Carteles en México Usan Choques Con Camiones Para Atacar Autoridades

Carteles en México Usan Choques Con Camiones Para Atacar Autoridades

July 25, 2025
Cartel Gunmen in Mexico Use New Tactic to Hide Police Attacks — Fake Crashes

Cartel Gunmen in Mexico Use New Tactic to Hide Police Attacks — Fake Crashes

July 25, 2025
Trump Admin Returns Education Grants It Accused Of Funding Illegal Immigrants

Trump Admin Returns Education Grants It Accused Of Funding Illegal Immigrants

July 25, 2025
Democrats Using Time Off To Travel To Red States, Try Convincing People Trump’s Bad

Democrats Using Time Off To Travel To Red States, Try Convincing People Trump’s Bad

July 25, 2025
EXCLUSIVE: GOP Demands Answers On Migrant Children Rescued At Marijuana Farm

EXCLUSIVE: GOP Demands Answers On Migrant Children Rescued At Marijuana Farm

July 25, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Saturday, July 26, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

China Is Running Circles Around American Solar Panel Makers Despite Biden Admin Subsidies And Tariffs

by Daily Caller News Foundation
July 17, 2024 at 3:13 pm
in News, Wire
235 17
0
China Is Running Circles Around American Solar Panel Makers Despite Biden Admin Subsidies And Tariffs
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Daily Caller News Foundation

Chinese companies are dominating U.S. solar production despite tariffs and subsidies from the Biden Administration, according to a recent investigation from Reuters.

China-backed manufacturers, armed with low-cost government financing and subsidized raw polysilicon from the Chinese government, are outcompeting American solar companies on their own soil. A minimum of 20 gigawatts’ worth of annual solar panel production – enough to supply half the American market – will come from Chinese manufacturers operating in the United States within the next year, according to Reuters.

The findings reveal challenges the Biden administration faces in preventing an over-reliance on China as it pursues its goal of 100% clean electricity by 2035.

“They [the Chinese] have a lot more experience building factories and setting up supply chains,” said David Feldman, a solar market researcher with the U.S. Department of Energy’s National Renewable Energy Laboratory.

Paula Mints, founder of solar industry research firm SPV Market Research, shared Feldman’s concern about the ability of U.S. manufacturers to quickly scale panel production.

“You have a stacked deck here. It’s hard to imagine that anyone, particularly a greenfield manufacturer, can do it as quickly as a Chinese manufacturer,” she told Reuters.

This is INSANE:

Seven Chinese solar companies most people haven’t heard of are ALREADY providing more energy for the global economy than Exxon, Chevron, Shell, BP and the other Seven Sisters who once dominated oil production:https://t.co/gExjouWZvs via @opinion pic.twitter.com/4zjT85vCdy

— David Fickling (@davidfickling) June 14, 2024

China’s superiority in solar manufacturing combined with its government’s heavy subsidization of input materials like raw polysilicon and unfinished solar modules makes it difficult for U.S. companies to compete, despite U.S. tariffs, Inflation Reduction Act (IRA) subsides and restrictions on Chinese products tied to forced labor. As a result, U.S.-owned solar businesses have begun seeking additional tariffs on solar imports, according to Reuters.

“We’re just asking for legitimate U.S. manufacturers to have a chance to compete with these gigantic Chinese-owned companies,” said Tim Brightbill, attorney for the American Alliance for Solar Manufacturing Trade Committee.

Even if the Biden administration grants these additional tariffs, they are unlikely to affect the U.S. solar market anytime soon due to a glut of low-cost Chinese solar panels imported into the U.S. during a Biden-forced moratorium on solar tariffs in 2022 and 2023. The surge in solar panel imports during the “tariff holiday” – a record amount of solar capacity entered the U.S. in 2023 – caused panel prices to fall 50%, according to S&P Global, the New York Times, and Reuters.

This has left US-owned businesses unable to compete, according to Hari Achuthan, the CEO of US-based solar manufacturer Convalt.

“If we are to succeed, we need American manufacturers like Convalt to survive this onslaught of low prices, to build factories with capacities that allow us to compete against the largest global firms, with Chinese beneficial ownership.”

The IRA authorized $370 billion to combat climate change. While originally focused on supporting US-owned solar manufacturers, the IRA left ample loopholes for Chinese solar companies to benefit. This is exemplified by Illuminate USA – a joint partnership between Chicago-based green energy investor Invenergy and China’s largest solar company LONGi – which is slated to receive $350 million each year in federal subsidies via the IRA.

Altogether, Chinese-owned businesses could reap $1.4 billion worth of subsidies from the IRA each year via joint partnerships with American businesses like Illuminate USA.

The White House did not immediately respond to a request for comment.

(Featured image credit: Screen Capture/United Nations)

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Tags: DCNFenergyU.S. News
Share196Tweet123
Daily Caller News Foundation

Daily Caller News Foundation

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th