Page 11 - North American Clean Energy July/August 2019 Issue

As it stands, many leaders in the solar industry believe that the American solar market will continue to ourish. e e ects of the tari s have fundamentally changed the solar marketplace, and the wheels of change have already been set into motion with many of the largest solar panel manufacturers leaving China and opening up shop in the States. Because the solar industry has already endured (and seemingly come to accept) such signi cant change, those involved in the industry - as well as consumers
- can expect solar to remain una ected by the most recent developments ... for now.
products, including chemical, coal,
and medical equipment. e $110
billion announced by China trails the approximately $250 billion already placed on Chinese products by the United States, but those gures are expected to shift drastically as the war continues.
e Trump administration is threatening an additional $325 billion worth of Chinese products to be targeted, bringing the total to $575 billion ($25 billion more than the total worth of Chinese imports to the U.S. in 2018). ough tensions seemed to subside in December of 2018 between the United States and China, the recent actions
of both countries foreshadow a long journey ahead. What does this mean for the solar industry?
Governments around the world are actively pursuing alternative forms of energy as the push to “go green” rises - the most pursued and lucrative form being solar. As a result, the solar industry is growing at exponential rates. In 2007, the solar industry was worth approximately $42 million in the United States alone, and rose to over $200 million by 2017. Given that the global solar industry is expected to generate some $422 billion by 2022, it comes as no surprise that it’s been at the forefront of trade conversations.
Nicki Zvik is Co-Founder at Green Solar Technologies, a nationwide renewable energy developer.
Green Solar Technologies
/// www.greensolartechnologies.com
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