First Solar Rejects US Site for New Factory, Eyes Europe or India Instead - BitcoinEthereumNews.com
KabuhayanTinanggihan ng First Solar ang US Site para sa Bagong Pabrika, Eyes Europe o India Sa halip06 / 29 / 2022Balita ng Ethereum ng Bitcoin (Bloomberg) — First Solar Inc. has decided against building a new factory in the US, citing uncertainties regarding trade policy and tax incentives. Karamihan Basahin mula sa Bloomberg The biggest US solar manufacturer is still planing a manufacturing facility in either Europe or India, and Chief Executive Officer Mark Widmar expects to make a final decision within 90 days. That would come after the company completes a third US plant early next year in Ohio and its first factory in India in the second half of 2023. The decision is a setback for US President Joe Biden‘s efforts to boost domestic solar manufacturing. Solar installations have slowed this year amid a US Commerce Department trade investigation, raising the prospect of tariffs on panels imported from four Southeast Asian nations. While the White House anounced this month a two-year moratorium on new tariffs and took steps to encourage American production, Widmar said the moves don’t address underlying issues that give cheap Asian panels an advantage over US producers. Hes seeking instead tax breaks that will give First Solar economic incentives