Statement by Gregory Wetstone, American Council On Renewable Energy (ACORE), President and Chief Executive Officer
WASHINGTON, September 22, 2017 – “Today’s decision by the U.S. International Trade Commission (ITC) raises serious concern about the potential for tariffs that could increase electricity prices and threaten a thriving solar industry that is one of the nation’s most important economic drivers.”
The next step in the ITC process is the establishment of remedies, which could include tariffs on imported polysilicon solar panels that have helped drive a massive increase in U.S. solar energy deployment. Tariffs at anywhere near the rates sought by Suniva would threaten the cost-competitiveness of solar power in the United States, and lead to higher electric power prices and slower growth in the nation’s economy.
In the coming weeks and months, ACORE and its allies will seek to work with White House officials urging that the President, who ultimately has discretion to craft the response to today’s decision, focus on strategies that boost domestic manufacturing without interfering with the fundamental economics and cost competitiveness of solar power.
The American Council on Renewable Energy (ACORE) is a national non-profit organization leading the transition to a renewable energy economy. With hundreds of member companies from across the spectrum of renewable energy technologies, consumers and investors, ACORE is uniquely positioned to promote the policies and financial structures essential to growth in the renewable energy sector. Our annual forums in Washington, D.C., New York and San Francisco set the industry standard in providing important venues for key leaders to meet, discuss recent developments, and hear the latest from senior government officials and seasoned experts. For more information, visit the ACORE website and follow @ACORE on Twitter.
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