The U.S. Congress approved the extension of the federal Investment Tax Credit (ITC) that promotes investments in solar power plants in votes on Friday night European time.
Dr.-Ing. E. h. Frank Asbeck, CEO of SolarWorld AG: “The United States has taken the first step to implement what it promised at the climate summit in Paris. This is a big step forward for solar power in America. Today, the United States is already the strongest growing competitive solar market worldwide, with annualized growth rates of about 30 percent. This trend will continue.”
“For the sake of fair competition and quality, it is now vital to enforce compliance with international trade rules. Since 2012, measures against dumping and subsidies by Chinese solar manufacturers have been in force in the United States. However, the government must continue to focus on enforcement, and we will continue to work with them in every way to make sure the circumvention and evasion are fully addressed. Sustainable market growth can happen only without dumping,” says Mukesh Dulani, President of SolarWorld Americas Inc.
SolarWorld is the largest manufacturer of solar technology in the United States and in Europe. It has an outstanding position as manufacturer of high-quality and durable solar products. The group achieves more than 50 percent of its revenue in the Americas.
Dr.-Ing. E. h. Frank Asbeck: “The European Union should take the United States as an example. Particularly in Germany, it is high time to turn from skepticism to optimism again. Costs for solar power have gone down dramatically within the last years. Solar will be an essential pillar for a safe, clean and affordable energy supply.”