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WASHINGTON, D.C. — Final night time, President Biden issued a proclamation to boost the Part 201 tariff charge 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 an announcement 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 help American photo voltaic module producers by elevating the Part 201 tariff charge quota on cells. This transfer gives an essential bridge for module producers to entry the provision they want whereas america continues to progress on photo voltaic cell manufacturing. This resolution will assist create a powerful, secure module manufacturing sector that may maintain strong cell manufacturing within the lengthy run.
“Federal clear vitality 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 current actions are vital for maximizing the influence of those insurance policies and guaranteeing the long-term success of American photo voltaic manufacturing.”
Courtesy of SEIA.
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