ALBUQUERQUE, N.M., April 25, 2022 (GLOBE NEWSWIRE) — Array Technologies (NASDAQ: ARRY) (“Array” or the “Company”) announced that it has announced a U.S. Commercial I am disappointed with the ministry’s decision. We believe this request is without merit and does not meet the criteria for such a petition as defined by the Department of Commerce. The mere disclosure of has galvanized an industry-wide consensus on the negative impact on current and future projects, long-term supply chain disruptions, and increased price volatility.
Additionally, the petition seeks to protect domestic supply chains that have not yet fully realized their current growth trajectory. US Modules His supplier does not have the supply to match the growth rate of the solar industry. The US-based panel provider is sold out by his 2024 date and is currently not ready to meet customer demand. Array Technologies, the largest utility-scale tracker company in the United States, strongly favors a more robust domestic module source, but this supply he chain does not exist today. We are looking for more pragmatic solutions for the industry short to medium term.
With the exception of one company that requested this review, the industry has spoken out against further tariffs and excessive international trade restrictions that could result from lengthy investigations. , recognizes that it is impacting the supply chain of essential equipment and needs to complete this investigation expeditiously. This research presents a distraction from the real business at hand. Reduce your dependence on fossil fuels. Increasing clean energy in the supply mix. We have made real and lasting progress in reducing greenhouse gas emissions from renewable energy.
This setback threatens the solar industry’s position as a key pillar of the U.S. energy transition. Domestic production of solar panels cannot meet current demand and fully meet the pipeline of projects that will grow over the next five years. Until domestic module sources become more reliable and economical, we will rely on responsibly sourced offshore production to meet operational demands that support the country’s energy transition and environmental goals. I’m here.
If the Biden administration maintains its commitment to expanding clean energy, I advocate that a Commerce Department inquiry will quickly reach a favorable decision and reject this reckless tariff petition.
About Array Technologies
Array Technologies (NASDAQ: ARRY) is a leading American company and global provider of utility-scale solar tracker technology. Designed to withstand the harshest conditions on earth, Array’s high-quality solar trackers and sophisticated software maximize energy production and accelerate the adoption of cost-effective and sustainable energy. Founded and headquartered in the United States, Array relies on a diverse global supply chain and a customer-centric approach to deliver, commission and support solar energy developments around the world, paving the way for a brighter, smarter future of clean energy. Illuminating the For news and more information about Array, visit arraytechinc.com.
Forward-Looking Statements
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Media contact:
Karen Rand
505-314-6901
krand@arraytechinc.com
Investor Information Contact:
505-437-0010
Investor@arraytechinc.com
