News

US Solar Sector Expects to Lose 120,000 Jobs As COVID-19 Impacts the Green Energy Industry

published: 2020-05-08 18:30
The stay-at-home order and lockdown policy implemented in accordance with the COVID-19 pandemic have reduced the frequency of land transportation and air traffic, as well as the demand for petroleum; although this has helped clear up the sky and led to a new record of power generation for solar plants, the outcome has been rather gloomy for the relevant industry. US trade organizations anticipate that there will be 120,000 jobs lost in the solar energy sector, and 35,000 in the wind energy sector. ...  more

The US Bans Imports of Partial Electrical System Equipment to Prevent Malicious Power Grid Attacks

published: 2020-05-08 10:00
On the grounds of national security and information security, US President Donald Trump issued an executive order on the 1st that American electric companies will be banned from purchasing, transferring, and installing any imported equipment of bulk-power system in the future, and are only permitted to purchase specific equipment from manufacturers in line with the specification. ...  more

Secure Futures Obtains $8 Million to Finance Solar Power Projects in Virginia

published: 2020-05-08 10:00
Loans from City National Bank will Finance Solar Projects at Public Schools and a Homeless Services Center Secure Futures Solar has signed an agreement with City National Bank to provide a total of $8 million in loan financing to cover the construction of solar projects at Augusta County Schools, Orange County Schools and at the CARITAS center in Richmond. ...  more

Turkey Now Calculates Import Duty on PV Modules by Weight to Further Boost Domestic Solar Industry

published: 2020-05-07 21:00
Tariffs are a common method employed by governments worldwide to protect their domestic industries. Imported goods are taxed at fixed or variable rates when being processed at customs so that their prices are higher compared with the same kinds of domestic goods. Different tariff schedules, each containing a list of taxable items, have different formulas for calculating import duties. Ultimately, the goal is to make imports too costly for domestic consumers. ...  more