US curbs on Chinese solar panel makers expected to benefit Korean companies
Korean solar panel manufacturers such as Hanwha Solutions and OCI need to take advantage of U.S. import restrictions on Chinese-made solar products due to the Inflation Reduction Act (IRA), the Korea International Trade Association (KITA) said in a report published, Monday. The recently passed IRA includes a provision for tax credits for investments in solar power facilities, creating opportunities for Korean solar companies.
Source: koreatimes.co.kr