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Global supply chain disruptions due to the pandemic and the war in Ukraine have slowed US utility-scale solar projects. Solar projects have also been affected by an investigation into alleged tariff contravention by Cambodia, Thailand, Vietnam, and Malaysia, which together account for about 80% of US solar panel installation. In order to keep planned projects moving, the Biden administration has announced a plan to pause solar panel tariffs for two years for the four Southeast Asian countries to ensure a steady supply of panels. The pause on tariffs would run concurrently with the ongoing Commerce Department contravention investigation. In June, the Biden administration also announced it would reduce by half the fees the US government charges companies to develop solar and wind energy projects on federal lands.
In Europe, startup WeDoSolar recently launched a system of vertical solar panels designed to be easily mounted on balconies. This could help to boost the popularity of residential solar power in the EU market as well to reduce European dependence on Russian gas. WeDoSolar debuted in Berlin in February 2022 and the company claims its panels can reduce a household’s CO2 footprint by up to 600kg and electricity bills by up to 25% per year.
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