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Trump on Monday approved a 30 percent tariff on solar cell and
module imports, dropping to 15 percent within four years. Up to
2.5 gigawatts of unassembled solar cells can be imported
tariff-free in each year.
Although the move was intended to help American manufacturers,
some in the sector said it could slow U.S. investment in solar
power and cost thousands of U.S. jobs.
However, SMA Solar, the world's largest maker of solar
inverters, said it expected the impact to be small, forecasting
industry growth in the Americas region would average about 18
percent per year until 2020, more than the 10 percent expected
globally.
An inverter converts the output of a panel into current that can
be fed into a commercial electrical grid.
"SMA's market outlook includes a slightly negative impact from
the import tariff," SMA said on slides published during its
capital market day, giving no further details on the impact.
The U.S. government argued that its domestic manufacturers could
not compete with what it said were artificially lower-priced
Asian solar panels.
Shares in SMA Solar, which generated 46 percent of its sales in
the Americas in 2016, were up 4 percent by 1000 GMT, having
touched their highest level since Nov. 8. They had slipped after
news of the tariff plan this week.
The company also this week reported preliminary 2017 results and
predicted growing sales this year.
(Reporting by Christoph Steitz; Editing by Tom Sims and Keith
Weir)
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