America's missed TPP moment may harm energy opportunities
Eleven countries in the Asia-Pacific will sign the Trans-Pacific Partnership (TPP) trade agreement this Thursday, while the TPP’s original catalyst — the United States —watches from the sidelines. Of all the groups ruing what could have been, America's advanced energy sector must be left particularly disheartened.
Why it matters: The TPP was expected to reduce costs for imported renewables. Not only will these savings not be realized, but new steel and aluminum tariffs may add around 2 cents per watt to utility-scale solar projects, in addition to the increase of 10 cents per watt from the recent solar tariffs.