WASHINGTON, D.C. — Final night time, President Biden issued a proclamation to boost the Part 201 tariff fee quota (TRQ) for imported photo voltaic cells from 5 gigawatts (GW) yearly to 12.5 GW. The TRQ improve to 12.5 GW is retroactive for cells imported on or after August 1, 2024.
Following is a press release from Abigail Ross Hopper, president and CEO of the Photo voltaic Vitality Industries Affiliation (SEIA) on the administration’s announcement:
“SEIA strongly commends President Biden’s decisive motion to assist American photo voltaic module producers by elevating the Part 201 tariff fee quota on cells. This transfer offers an necessary bridge for module producers to entry the availability they want whereas the USA continues to progress on photo voltaic cell manufacturing. This choice will assist create a robust, steady module manufacturing sector that may maintain strong cell manufacturing in the long term.
“Federal clear power insurance policies are fueling a surge in home manufacturing investments throughout the nation, that are serving to us safe our provide chain and uplift American communities. The President’s latest actions are vital for maximizing the influence of those insurance policies and guaranteeing the long-term success of American photo voltaic manufacturing.”
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About SEIA®:
The Photo voltaic Vitality Industries Affiliation® (SEIA) is main the transformation to a clear power financial system, creating the framework for photo voltaic to attain 30% of U.S. electrical energy era by 2030. SEIA works with its 1,000 member corporations and different strategic companions to combat for insurance policies that create jobs in each neighborhood and form honest market guidelines that promote competitors and the expansion of dependable, low-cost solar energy. Based in 1974, SEIA is the nationwide commerce affiliation for the photo voltaic and photo voltaic + storage industries, constructing a complete imaginative and prescient for the Photo voltaic+ Decade by way of analysis, training and advocacy. Go to SEIA on-line at www.seia.org and comply with @SEIA on Twitter, LinkedIn and Instagram.
Media Contact:
Morgan Lyons, SEIA’s Director of Communications, [email protected] (202) 556-2872
