EnergyWatch

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.

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