Will Trump 2.0 be a 'solar winter'? US photovoltaic giant: unlikely to completely cancel subsidies
红花少年压
发表于 2024-11-8 21:09:36
1160
0
0
After Trump won the US presidential election, his potential policy impact on new energy industries such as photovoltaics has been closely monitored.
On Thursday Eastern Time, the CEO of Sunrun, the largest household solar company in the United States, believes that even if Trump wins the US election, it will be difficult to fully repeal the Inflation Reduction Act, which means that the Trump administration may not hinder the development of rooftop solar and battery systems in the United States.
Is the Inflation Reduction Act in jeopardy?
After Trump won the US presidential election this week, the US photovoltaic stocks have suffered a round of heavy blows. After the election results were announced on Wednesday Eastern Time, the US stock market Sunrun plummeted 29.63%, Enphase Energy plummeted 16.82%, First Solar fell 10.13%, JinkoSolar fell 14.31%, and Daquan New Energy fell 8.11%.
Due to Trump's consistent support for the traditional energy industry and skepticism towards the new energy industry, many investors are concerned that after Trump takes office, he may revoke the Biden administration's support and subsidy measures for new energy industries such as photovoltaics.
In 2022, US President Biden signed the Inflation Reduction Act, which plans to provide up to $369 billion in subsidies to support the clean energy industry, including domestic photovoltaic products.
However, Trump has frequently made statements such as abolishing the Inflation Reduction Act.
For example, Trump and his advisory team once called the Inflation Reduction Act a "harmful" legislation, stating that it hinders economic development. Trump has also threatened to revoke unused funds from the Inflation Reduction Act and cancel new energy tax credits on his first day in office once he returns to the White House.
However, Sunrun CEO Mary Powell stated in an interview that it is "highly unlikely" to completely repeal the Inflation Reduction Act and eliminate tax credits for industries such as photovoltaics.
"Americans want and need reliable and affordable energy, and the Inflation Reduction Act is actually promoting the economy of many states in the country, including many Republican leaning states."
Republican lawmakers will support the Inflation Reduction Act
In fact, if Trump really wants to repeal the Inflation Reduction Act, he will need the support of Congress.
However, as of now, most of the spending under the Inflation Reduction Act has gone to red states (traditionally Republican states) and swing states. For example, Texas has received $131 billion in subsidies under the Inflation Reduction Act, while Florida and Georgia have received $62 billion and $16 billion in subsidies, respectively.
In these states, many Republican leaders have stated that they will defend these projects - which will increase the difficulty for Trump to amend or repeal the Inflation Reduction Act.
Sunrun's Powell also stated that the rooftop solar industry has received bipartisan support in previous administrations, and the company itself is in a "very advantageous position" to become a market leader in home battery storage.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Next week! Amazon will be included in the Dow Jones Industrial Average
- The Shanghai International Trade Fair will promote companies such as Shangtang Technology and Hema to participate in digital technology and generative AI, which will be the highlights
- Tesla will lay off another 601 employees in California, USA
- The sports streaming service explored by Disney, Fox, and Warner Bros. will be named Venu Sports
- Will Tesla single pedal mode be disabled? Latest response
- Berkshire's A-shares fell nearly 100% at one point, with a stock price of only $185.1! New York Stock Exchange: All erroneous transactions will be considered invalid
- Will "single pedal mode" be disabled? Tesla: Does not affect existing products and features
- Musk: Tesla will begin "limited production" of Optimus Prime in 2025
- Suddenly appearing at Apple's press conference, 'King of Glory: World' will be released next year
- China Photovoltaic Industry Association: The United States provides a large amount of photovoltaic subsidies in violation of regulations, distorting the global photovoltaic market
-
米東時間の金曜日、米株3大指数は集団で上昇し、終値を締め切ると、ダウは0.97%上昇し、今週は1.96%上昇した。納指は0.16%上昇し、今週は1.73%上昇した。スタンダード500指数は0.35%上昇し、今週は1.68%上昇した。 ...
- leekhy
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
イランは現地時間の金曜日(11月22日)、国際原子力機関(IAEA)がイランに圧力をかけている新たな決議に応えるため、大量の遠心分離機を追加してウラン濃縮を行うと発表した。 IAEA理事会は木曜日、イランの協力不 ...
- 1900_后
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
9月以来、香港株の1日当たりの出来高は大幅に増加し、流動性の回復は中資証券会社の業績の反発を牽引し、富途証券、タイガー証券などのインターネット証券会社の年間獲得目標は早期に達成された。 証券会社の中国人 ...
- 拓牛李强
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
蔚来法務部は11月22日、インターネット上に流出した蔚来と他の企業の資本レベルのデマについて、会社が最初に通報し、受理されたと発表した。会社はすでにこのデマの全リンク推進過程と、マルチプラットフォームが ...
- 愿为素心人
- 3 天前
- 支持
- 反对
- 回复
- 收藏