Utility Dive•2 months ago
Trump adjusts metal tariffs, sets 15% rate for some electrical grid equipment
- •New tariffs on electrical grid equipment go into effect April 6, impacting project costs for developers and large power consumers.
- •Goods made almost entirely of aluminum, steel, or copper will face a 50% tariff, while derivative products will be subject to a 25% tariff.
- •Expect increased capital expenditures (CAPEX) for grid infrastructure, electrical components, and interconnection costs, potentially raising PPA prices and project financing needs.
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