US solar prices still rising as projects stall |
30 January (Reuters) – Project developers are struggling to procure imported panels, according to a report late on Monday. USAsolar energy contract in prices increased by a third in the last year.
But thanks to new federal subsidies, wind power prices it has fallen slightly in recent months.
According to LevelTen Energy’s quarterly index, which tracks renewable energy deals, the fourth quarter for solar contracts, known as power purchase agreements (PPAs) prices it increased by 33.3% compared to the previous year, and by 8.2% in the previous quarter.
Supply chain restrictions for renewable energy projects at the end of last year tax which extends its loans President Joe Biden’s climate change bill slashed benefits for solar power producers.
Incentives of the Inflation Reduction Act USAgave life to the wind industry of Wind PPA prices were 1.9% lower in the fourth quarter than in the third quarter – the first decline since early 2021.
A jump in solar prices USA customs officials have seized hundreds of shipments of solar energy components at US ports since June. At that time, the banning of imports from the Xinjiang region of China law entered into force.
The Uighurs Compulsory Labor Protection Act, all goods from Xinjiang mandatory means that it is made with labor. It allows imports only if manufacturers can prove otherwise by returning the equipment’s source documents to the raw material.
“These delays and access to this equipment create a significant amount of uncertainty in the timelines, and therefore PPA prices increase to cover this risk,” Gia Clark, CEO of LevelTen Developer Services, said in an interview.
Clark added that demand for solar energy projects is still strong and prices It may stabilize in the second half of 2023.
Reporting by Nichola Groom; Edited by Bradley Perrett
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2023-01-31 13:42:01
Source – reuters
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