U.S. planning to restore tariffs on dominant solar technology, Reuters reports

The Biden administration is expected to grant a request by South Korea’s Hanwha Qcells to reverse a two-year-old trade exemption that has allowed imports of a dominant solar panel technology from China and other countries to avoid tariffs, two sources familiar with the White House plans said on Wednesday, Reuters’ Nichola Groom and Jarrett Renshaw report. The request, which has not previously been reported, comes as Qcells is seeking to protect a pledged $2.5B expansion of its U.S. solar manufacturing presence against competition from cheaper Asian-made products, the authors note. Publicly traded companies in the space include Array Technologies (ARRY), Canadian Solar (CSIQ), Emeren (SOL), FTC Solar (FTCI), First Solar (FSLR), JinkoSolar (JKS), Maxeon Solar (MAXN), Shoals Technologies (SHLS), SolarEdge (SEDG) and SunPower (SPWR).