Electrical Equipment / Components & Telecoms

On June 6, local time, the White House of the United States officially announced that it would grant a 24-month tariff exemption for solar cell-related products imported from Cambodia, Vietnam, Malaysia, and Thailand. The Latest: US may not impose new tariffs on imported solar products for two years

Analysts pointed out that this latest move may save U.S. solar energy projects and ensure the healthy development of the U.S. photovoltaic industry. At the same time, it will further stimulate the release of import demand for photovoltaic equipment.

The two-year waiver, on the one hand, ensures that the United States can obtain sufficient supply of solar modules to meet the installed capacity of local photovoltaic projects, and also buys time for the expansion of local manufacturing scale.

At the same time, President Biden authorized the use of the Defense Production Act (DPA) to accelerate domestic production of clean energy technologies, specifically including five U.S.-made clean energy technologies: 1. Solar panel components; 2. Building insulation systems; 3. , heat pumps; 4. Equipment that manufactures and uses clean power generation fuels, such as electrolyzers, fuel cells, related platinum group metals, etc.; 5. Critical grid infrastructure, such as transformers.

Biden's clean energy policy pointed out that the full power of federal procurement will be used to stimulate more local solar manufacturing capacity, and strive to double the manufacturing capacity of the US solar industry by 2024.

The White House also stated that the United States will allow more clean energy projects to be deployed on public lands and promote it to urban and rural areas; it will support the diversification of the solar labor market through high-paying jobs; build a resilient clean energy manufacturing supply chain for allies; In addition, it has invested in dozens of solar projects in Puerto Rico.

Rents and fees for developing solar and wind energy on U.S. federal lands will also be slashed as part of a new policy by the Biden administration to promote clean energy that aims to increase the predictability of developer interest rates.

The move will reduce rents and fees by an average of more than 50 percent due to lower land rents and "standard megawatt charges," according to the U.S. Department of the Interior, "to promote more efficient construction of wind, solar or hybrid projects on public lands."

The Home Office says the tariff reduction policy for solar and wind will incentivise the industry to engage in responsible renewable energy development.

"Clean energy projects on public lands can play an important role in reducing our country's greenhouse gas emissions and lowering household costs," said Interior Secretary Haaland.

The Interior Department revealed earlier this year that by 2025, the U.S. will surpass its approved goal of building 25GW of solar, onshore wind and geothermal power on public lands.

From 2022 to the end of 2025, the Home Office will approve about 29.6GW of solar energy built on public land.

Recognizing the huge trend toward building a clean energy economy, the U.S. Bureau of Land Management is expanding its ability to handle renewable energy projects by establishing five coordinating offices in Arizona, California, Nevada, Utah and Washington, D.C.

These offices are expected to improve coordination mechanisms with other federal agencies, such as the U.S. Environmental Protection Agency, the Department of Agriculture, the Department of Energy, and the Department of Defense.