Yesterday’s hearing before the International Trade Commission (ITC) spent a lot of time on the expected impacts of actions that the Trump Administration could take if the agency finds injury to the domestic industry, with both sides disagreeing sharply on the expected outcome and the need for such a case in the first place.
However, within this testimony there was also an analysis of what is happening now. In her testimony against the Section 201 petition, Bloomberg New Energy Finance Head of North America Research Amy Grace stated that new contracting activity for utility-scale solar projects has “ground to a halt” since the ITC launched its investigation in June.
“Developers cannot reasonably guarantee competitive contract terms with their counterparties when they don’t know how much they will have to pay for modules – the most expensive line-item of a project’s cost,” noted Grace…
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