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WASHINGTON, D.C. — Final evening, President Biden issued a proclamation to lift 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 supplies an essential bridge for module producers to entry the provision they want whereas the US continues to progress on photo voltaic cell manufacturing. This choice will assist create a powerful, steady module manufacturing sector that may maintain sturdy 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 latest actions are important for maximizing the affect of those insurance policies and making certain the long-term success of American photo voltaic manufacturing.”
Courtesy of SEIA.
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