China’s Dramatic Solar Shift May Take Sting Out of Trump Panel Tariffs

"Analysts expect solar panel costs to drop by a third. That could be a lifeline for U.S. developers, who sidelined billions of dollars in projects over the tariffs."

"The American solar market may be about to get boost from an unexpected source: Energy analysts say the Chinese government's decision to dramatically cut its solar power subsidies will create a glut of solar panels and send their prices tumbling worldwide.

It comes at a crucial time for American solar installers. Falling prices could take the sting out of President Trump's solar panel tariffs, which have raised costs in the United States and led to billions of dollars in cancelled and frozen U.S. investments.

"It's changing the tone from negative to positive for the U.S.," said Xiaoting Wang, an analyst with Bloomberg New Energy Finance (BNEF)."

Nicholas Kusnetz reports for InsideClimate News June 8, 2018.

Source: InsideClimate News, 06/12/2018