Top
image credit: Flickr

US solar industry gets unlikely boost from the Trump administration

October 7, 2019

Some U.S. solar stocks could get a boost after the Trump administration announced that it will impose tariffs on bifacial solar panels. This special type of panel, which absorbs light on both sides, will be subject to a 25% tariff beginning on October 28.

Bifacial panels are gaining traction since their double-sided nature means they absorb more power and are therefore more efficient. But they are still in the somewhat early stages of development as manufacturers try to find cost-effective ways to fully utilize both sides of the panel. They’re also still a relatively small part of the ecosystem, with BloombergNEF estimating that they made up about 3% of the global market in 2018.

Read More on CNBC energy