______________________________________________________________________________________________________
Regulation
net annual additions, 2025 ‒ 2030
|
|
12 |
|
|
|
|
|
48.2
50.6
41.7 41.5
|
54.5
42.7
|
11 10 9 8 |
7.4 |
8.9
9.0
|
9.5
9.7
|
10.4 10.4
10.7
10.6 10.6 10.6
|
|
|
7 |
|
|
|
|
r PV
2028 2029 2030
6 5
6.2
2025 2026 2027 2028 2029 2030 Onshore Wind
Current Previous
Current
$ 2,400-to- $ 2,425 per ton in the EU in 2024, while steel averaged $ 650-to- $ 675 per metric ton in 2024. The latest tariff hike by the US on steel and aluminum will have a major impact on trade between the US and the EU. It will affect the steel and aluminum supply required for wind turbines impacting the wind industry. However, the UK remains exempted from the latest tariff hike and will continue to trade at 25 percent tariff for steel and aluminum.
Wind turbine components significantly impacted by retaliatory tariffs encompass generators, gearboxes, and power electronics. Blades, predominantly imported from Mexico, seem to be provisionally protected from these tariffs, as they comply with the United States-Mexico-Canada Agreement( USMCA) standards. Towers and nacelle assemblies, which have the highest levels of domestic production, are likewise largely insulated from the tariffs.
The imposition of tariffs has introduced considerable uncertainty into the forecast for the US wind industry. Although the shortterm project pipeline remains robust, the escalation in costs and associated risks will decelerate the development of new projects should these policies continue.
Reshaping the US solar supply chain
As the global economy contends with the tariffs conflict initiated by US President Trump, the US solar power industry is poised to experience rising costs. This is particularly significant given the US’ vertically integrated solar production lacks the economics of scale necessary to mitigate these increases effectively.
2024 witnessed the US importing solar PV modules from Cambodia, Malaysia, Vietnam, and Thailand, valued at $ 1.4 billion, $ 2.1 billion, $ 5.5 billion, and $ 3.1 billion, respectively.
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