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In order to win the photovoltaic solar industry, the U.S. Court of International Trade (CIT) excluded bifacial solar modules from Section 201 tariffs. In addition to the exclusion, the CIT reduced the Section 201 tariff rate from 18% to 15% after it was raised to 18% in Proclamation 10101. The court concluded, “Proclamation 10101’s withdrawal of the exclusion of bifacial solar panels and increase of the safeguard duties on CSPV modules constituted both a clear misconstruction [of] the statute and action outside the President’s delegated authority.” Following is a statement from Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA) on this positive decision: “The decision by the U.S. Court of International Trade to strike down an order by President Trump to change the step-down rate for the Section 201 tariffs and reverse the bifacial module exclusion was clearly the right conclusion. Both actions were an unlawful attempt to harshen the Section 201 tariffs. “We are committed to building the U.S. solar manufacturing supply chain and we believe there are policies in the Build Back Better Act that will help grow American manufacturing. We look forward to working with the Biden administration and Congress to get these critical policies, including Senator John Ossoff’s Solar Energy Manufacturing for America Act, over the finish line.” Through this positive decision, the sustainable development of the solar energy industry will be used more widely.
The world is adopting renewable energy at an unprecedented pace, and Pv solar power is the energy source leading the way. Despite a 4.5% fall in global energy demand in 2020, Visual Capitalist's Govind Bhutada notes that renewable energy technologies showed promising progress. While the growth in renewables was strong across the board, solar power led from the front with 127 gigawatts installed in 2020, its largest-ever annual capacity expansion. China is the undisputed leader in solar installation system, with over 35% of global capacity. What’s more, China is showing no signs of slowing down. It has the world’s largest wind and solar power project in the pipeline, which could add another 400,000MW to its clean energy capacity. In 2020, President Xi Jinping stated that China aims to be carbon neutral by 2060, and the country is taking steps to get there. China is a leader in the solar energy industry, and it seems to have cracked the code for the entire solar supply chain. In 2019, Chinese firms produced 66% of the world’s polysilicon, the initial building block of silicon-based photovoltaic (PV) panels. Furthermore, more than three-quarters of solar cells came from China, along with 72% of the world’s PV panels. With that said, it’s no surprise that 5 of the world’s 10 largest solar parks are in China, and it will likely continue to build more as it transitions to carbon neutrality. The energy transition is a major factor in the rise of renewables, but solar’s growth is partly due to how cheap it has become over time. This year, solar costs are rising due to supply chain issues, but the rise is likely to be temporary as bottlenecks resolve.
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