Tariffs Could Lower Ten-Year U.S. Solar Deployment 9%, Said McKinsey

Tariffs could reduce PV, BESS installations by 10% in US and EU

A rise in global tariffs could impact solar PV and battery energy storage system (BESS) installations in the US and EU by up to 10% by 2035.

High tariffs could cut US solar deployment 9% by 2035, says McKinsey

McKinsey & Company says US solar deployment through 2035 could fall 9% under a high-tariff scenario, with 60% duties on Chinese imports and 20% on others.From pv magazine USA The evolving tariff environment piles on top of ongoing uncertainties for the transition to renewable energy, said analysis from McKinsey & Company. The consulting firm modeled a three-tiered scenario of tariffs over the next decade, finding that a “high tariff” path would …

Tariffs could lower ten-year U.S. solar deployment 9%, said McKinsey

In a “global tensions escalate” scenario, McKinsey expects less solar and energy storage deployment through the decade.The evolving tariff environment piles on top of ongoing uncertainties for the transition to renewable energy, said analysis from McKinsey. The consulting firm modeled a three-tiered scenario of tariffs over the next decade, finding that a “high tariff” path would knock down U.S. solar deployment considerably. Under a “global ten…

McKinsey says tariffs alone may stall renewable energy adoption in the US by 2035

A new scenario-based analysis from consulting firm McKinsey & Company explores how evolving tariff dynamics could affect solar, wind, battery storage, transformers, and electric vehicles (EVs) across the United States and the European Union through 2035. The analysis looks at the markets just from a tariff scope and does not take into account the investment tax… The post McKinsey says tariffs alone may stall renewable energy adoption in the US b…

Windtech International - High tariffs could hinder renewable energy progress and increase system costs in the USA and EU

A new scenario analysis by McKinsey & Company examines how changes in trade tariffs could affect the deployment of solar, wind, battery storage, transformers, and electric vehicles (EVs) in the USA and the European Union (EU) through to 2035. The study finds that moderate tariff increases would have a limited impact on clean technology adoption, particularly in the EU. However, under a sustained high-tariff scenario, the outlook becomes more cha…