15 May '18, 6pm

U.S. Energy Company Halts 1.5 GW of Solar Projects Due to Trump Tariffs

Cypress Creek Renewables, one of the United States’ largest developers of utility-scale solar, has stopped investments in 1.5 gigawatts of renewable energy projects, worth $1.5 billion, due to Trump administration tariffs on imported solar technology, which the company said made the costs of the projects too high, according to Bloomberg and Greentech Media . The solar farms were slated for sites across the country, from California to the Carolinas. In total, they represent 20 percent of Cypress Creek Renewables’ projects in development. “Because utility-scale solar is extremely price-sensitive, the tariff forced us to re-evaluate some of our projects,” Jeff McKay, communications director at Cypress Creek, told Greentech Media . “We can confidently say that we will not be able to move forward with $1.5 billion… of projects as things stand now.” Cypress Creek has joined seve...

Full article: https://e360.yale.edu/digest/u-s-energy-company-halts-1-5...

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