New Energy
Solar Manufacturing in the US Is Facing a Bleak Future, Analysts Warn
- Biden subsidies can’t compete with Asian prices, BNEF says
- Some proposed plants may never get built, according to report
A machine sorts and stacks solar cells at a solar cell and module manufacturing facility in Dalton, Georgia.
Photographer: Elijah Nouvelage/BloombergThis article is for subscribers only.
Despite the generous tax breaks they are receiving from the Biden administration, many US companies planning to build solar factories can expect to suffer severely or fail altogether, according to an analysis by BloombergNEF.
The Inflation Reduction Act gives US manufacturers an “uncannily equal” subsidy to the cost of Chinese products, but limited availability of cheaper materials from Southeast Asia will pressure American companies, some to the point their plants won’t get built, solar analyst Pol Lezcano says in a report released Monday.