In a speech in Swizerland last week, Li said the action might encourage trade protectionism, Xinhua news agency reported. Rumor has it that China would slap similar tariffs on European solar-grade polysilicon, a raw material used in solar panel production.
The Chinese manufacturers have been more vocal this past week, pushing for high level talks in order to avoid worsening problems the industry already faces in China, with too many solar firms and over capacity. China may dominate this market, but this is still a market in trouble.
The proposal has two components: a $247 million extension of the utility’s Solar4All (S4A) program through 2016 that seeks to develop solar installations primarily on unused landfills and former industrial sites, known as brownfields; and a nearly $200 million extension through 2017 of a solar loan program that would benefit residential and business customers.
Moran characterized the preliminary settlement as the product of an open process in which the Rate Counsel refused to make compromises, unlike other parties that initially opposed parts of the plan but wound up supporting it.
PSE&G, which serves about three-fourths of New Jersey’s electrical customers, currently operates a solar installation on the 1-A landfill in Kearny that can be seen by commuters on New Jersey Transit’s Northeast Corridor trains. The utility leases the land from the New Jersey Meadowlands Commission, and the site generates about 3 megawatts of energy, or enough to power about 3,000 homes.
NEWARK, N.J. (AP) — New Jersey’s public utilities board is set to vote on a nearly half-billion-dollar proposal by the state’s largest utility to expand solar power production, a plan the state-paid advocate for ratepayers has sharply criticized as creating an unfair market advantage subsidized by utility customers.