The US solar industry is losing its shine. Although solar power is seen as a key way to avoid the use of climate-changing fossil fuels, US solar companies are cutting investments and laying off workers. An industry employing more than 230,000 people and with an estimated worth of $28 billion is now warning of trouble ahead. More than 10,000 jobs in solar were lost in 2017, says a report by the Solar Foundation, a non-profit research firm. The clouds spreading across the US solar sector are in part due to a slowdown in sales in so-called mature markets in California and the US Northeast, both areas of double digit solar growth in recent years. However, industry analysts say the main reason for the present travails in the solar sector is the announcement earlier this year by President Donald Trump of a 30% tariff on imported solar panels.
Climate News Network 5th March 2018 read more »