U.S. solar power project developers including Duke Energy are accelerating their construction plans to ensure they are eligible for a tax credit that lapses in December. That’s led to a surge in imports of solar panels and cells with a 29.0% year over year increase in 2019 year-to-date through May 31. The increase has come despite the imposition of tariff-rate quotas in 2018 that run from the start of each calendar year. Preliminary seaborne shipment data suggests there may have been a 3.4x surge in shipments in June. Longi was the largest seaborne importer in 2Q, accounting for 13.0% sh...
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