- Sep 16, 2019 6:30 pm GMT
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President Trump's trade barriers are driving up prices for U.S. solar power and holding back development, according to Kevin Smith, Lightsource BP's chief executive officer for the Americas.
The San Francisco-based solar developer is paying as much as 60% more for the solar panels it's using in the U.S., compared with costs for projects in other parts of the world, Smith said. The prices at which it can deliver electricity to utilities "could be lower without those tariff prices," he said Friday in a phone interview.
Unfortunately, whether it'll be admitted or not, that was exactly the goal of these tariffs-- to throw a wrench in a rapidly advancing tech where costs are otherwise dropping