SMA Solar: Trump victory means advantage over China

German solar panel manufacturer, SMA Solar, which is partially owned by Denmark's Danfoss, eyes one single advantage in Donald Trump's ascension to the White House.

Photo: Mainstream Renewable Power

It has not generall been considered good news among renewables players that Donald Trump, a huge coal and oil fan, won Tuesday's presidential election in the US.  His victory will likely have a negative impact on the future of renewable energy in the US. However in the solar panel area it might bring a small advantage, says German manufacturer of solar panel inverters, SMA Solar, which is 20 percent owned by Danfoss.

Because Trump's plans to punish Chinese products with import customs tariffs will not exactly be bad news for SMA Solar and other European manufacturers, which have been under massive pressure from Chinese manufacturers that have dumped down the prices on various markets.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs