Impact of the Biden Administration’s Decision is Already Hitting the Clean Energy Industry Hard

Today, 8minute Solar Energy Founder and CEO Dr. Tom Buttgenbach echoed the industry-wide condemnation of the Biden Administration’s investigation for circumvention tariffs on solar products. Dr. Buttgenbach noted the investigation is already leading to the loss of thousands of domestic jobs and threatens the United States’ technological leadership and independence from global oil prices.

Read here Dr. Buttgenbach’s full statement on the Biden Administration’s decision:

“As one of the country’s leading solar developers, we understand firsthand how damaging the Biden Administration’s decision today will be for the solar industry. This unfair and unwarranted complaint undercuts us at a time when we are working hard to navigate unprecedented uncertainty in the global supply chain, hire U.S.-based workers and build out the solar infrastructure necessary to meet the country’s urgent clean energy goals.

“At this moment of sky-rocketing fossil fuel prices driving inflation and causing real pain for Americans at the pump, we should be doubling down on investing in a clean energy future, which will not only fight climate change, but drive down costs for U.S. consumers. Instead, this case is already slowing investment in our country’s clean energy future, including the loss of thousands of domestic jobs, while threatening our technological leadership and independence from volatile global oil prices.”

ABOUT 8MINUTE SOLAR ENERGY

As a record-breaking, unrivaled technology leader, 8minute Solar Energy (8minute) is championing the clean energy transition in the United States and shaping the future of energy through its next generation of smart solar power plants. Since its founding in 2009, 8minute has successfully put 2 GW of solar projects in operation and currently has over 18 GW of solar and 24 GWh of energy storage projects under development. By prioritizing technology and engineering innovation, 8minute’s best-in-class team has continued to set new industry records: developing the largest solar plant in the nation starting in 2011, delivering the first operational solar plant in the U.S. to beat fossil fuel prices in 2016, and securing a deal to deliver solar with storage at record-low prices in 2019. Now one of the largest solar developers in the country with an established track record of delivering above-market profitability, 8minute’s relentless pursuit of smart energy generation is unlocking growth and expanding access to affordable and reliable clean energy. For more information, visit www.8minute.com, and follow 8minute on Twitter and LinkedIn.

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