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WASHINGTON, D.C. — Final night time, President Biden issued a proclamation to lift the Part 201 tariff fee 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 a press release from Abigail Ross Hopper, president and CEO of the Photo voltaic Power 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 fee quota on cells. This transfer gives an essential bridge for module producers to entry the provision they want whereas the US continues to progress on photo voltaic cell manufacturing. This resolution will assist create a powerful, secure module manufacturing sector that may maintain sturdy cell manufacturing within the lengthy run.
“Federal clean energy policies are fueling a surge in domestic manufacturing investments across the country, which are helping us secure our supply chain and uplift American communities. The President’s recent actions are critical for maximizing the impact of these policies and ensuring the long-term success of American solar manufacturing.”
Courtesy of UNTIL.
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