Time is running out to get a plant purchase and up and running before the tariff are back in place,
But maybe the CEO is actually much smarter then they give him credit for.
When did the contract expire?
When did they sign the two year exclusive with GEP Solar?
Solar Manufacturing in the US Is Facing a Bleak Future, Analysts Warn
Biden subsidies can’t compete with Asian prices, BNEF says Some proposed plants may never get built, according to report
July 24, 2023 at 9:30 AM EDT
Despite the generous tax breaks they are receiving from the Biden administration, many US companies planning to build solar factories can expect to suffer severely or fail altogether, according to an analysis by BloombergNEF.
The Inflation Reduction Act gives US manufacturers an “uncannily equal” subsidy to the cost of Chinese products, but limited availability of cheaper materials from Southeast Asia will pressure American companies, some to the point their plants won’t get built, solar analyst Pol Lezcano says in a report
On the other hand if what CEO Ho stated is still in effect,
Michael Ho, CEO of PT. IDN SOLAR TECH. stated, “We are looking forward to assist and work on the expansion between Sun Pacific Power and IST. The collaboration with Sun Pacific Power will help increase sales in our cell manufacturing and the growth for both of our companies.
it appears EPC would have full access to availability of cheaper materials from Southeast Asia and have an addition edge against competition.
