Cells And Wafers. 232 has a vision to basically stop the imports of the module ecosystem into the US. At least that’s the policy expectation. The politics of 232 was to increase margins for domestic suppliers which it will certainly do. I’ll be watching how a couple things play out, from the announcements on cell and wafer manufacturing onshoring versus just paying the import tariff and how the higher module prices impact those 2030 projects that are likely Post ITC at this point. In general, projects through 2029 should have enough development done and the 232 advance knowledge that the modules are already figured out, for those projects that haven’t secured the module, that will add another wrinkle to the markets backlog but I would expect that to be minimal.
In Today’s Premium. I’ll discuss IPPs and data centers, the politics of the 45x and ITC in DC and how FEOC may be impacting your storage pipeline and what you could be looking out for.
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- PV-Tech: Section 232 may offer ‘limited prospects’ for US solar wafer capacity
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Opinion
Best, Yann