U.S. companies have announced plans to build dozens of solar panel factories across the country since last year when President Joe Biden’s signature climate law unleashed billions of dollars of subsidies, raising hopes a clean energy boom can provide tens of thousands of good paying jobs.
  • @sfgifz@lemmy.world
    13•1 year ago

    But global solar panel prices have collapsed due to a wave of new Asian production capacity in recent months, leading many in the U.S. solar industry to worry many of these proposed factories may be uneconomical.

    This doesn’t sound like dumping, it’s just looks like someone overestimated demand in the near term and underestimated competitors’ ability to scale production capacity first.