quoted McGuireWoods partner
Michael Woodard in a
Feb. 4, 2022 story on the renewal of global safeguard tariffs on imported solar cells and
panels. The Biden administration extended the Trump-era tariffs by four
years, but doubled the initial amount of solar cells that are exempt to 5
gigawatts and exempted double-sided solar panels, which are favored by many
"I still think the biggest win for developers is just simply: It's showing
that the [Biden] administration is starting to go in a different
direction," said Woodard, who chairs the firm’s M&A and Energy
Transactional Department and advises clients on solar project development.
Woodard said the exemption carved out for double-sided panels could prompt
some developers to redesign projects containing single-sided panels.
"I think you will see developers starting to look at their projects and
which ones could they now switch to bifacials, and what that would do to
the [projects' financial] numbers," he said. "It depends on where they are
in the project. At some point, it's too late, because they might already
have certain conditional use permits."