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In an annual ranking of the top 40 renewable energy markets
worldwide, China was the top country for the third year running,
followed by the United States which had occupied third place
last year due to a shift in U.S. energy policy under President
Donald Trump.
Even though the United States imposed tariffs on imports of
solar photovoltaic and modules this year, the effects have been
mostly absorbed by the market and wind projects are not subject
to subsidy cuts under a recently-passed U.S. tax reform bill.
"Solar import tariffs imposed by the U.S. government in January
are likely to have only a limited impact on solar energy
development in the country but are likely to tip the scales
toward wind projects at the utility scale," the report said.
"The solar tariffs — which are to be challenged under World
Trade Organization rules — are neither expected to seriously
derail U.S .solar investment, nor encourage much, if any,
shifting of solar manufacturing back to the U.S.," it added.
Germany was the third most attractive country in the ranking,
while India slipped from second to fourth position due to
investor concerns about the threat of solar import tariffs, the
report said.
(Reporting by Nina Chestney, editing by Louise Heavens)
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