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Ahead of expected tariffs from the Trump administration on foreign solar panels, a wave of solar panels flooded into the U.S. in the fourth quarter, according to Bloomberg New Energy Finance, much of it from China, but also from Mexico and Canada.
As much as 5 gigawatts of solar are filed away in storage to be used for upcoming projects, a six-month supply. Plus, the U.S. tariffs do not apply to the first 2.5 GW of modules imported this year.
All told, the solar industry did quite a bit of work to get around the tariffs. “The slow pace of D.C. bureaucracy has allowed the solar industry to insulate itself from the full impact of the tariffs,” Bromley said in an interview. “They won’t be as damaging as some in the industry have warned.” said Hugh Bromley, a solar analyst at Bloomberg New Energy Finance.