Editorial丨US policy sabotages its solar ambitions

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Reshoring industries that had left the United States while suppressing their Chinese competitors is a key component of the Joe Biden administration’s supply chain reshuffling efforts. Such efforts sound perfect politically, because they are expected to serve the dual purposes of adding jobs at home while undermining the United States’ leading strategic competitor. But the recent troubles in the US photovoltaic market may present uneasy evidence to the administration that these are economically unviable endeavors. On July 17 local time, SunPower, a leading residential solar installer in the US, announced it would suspend multiple core businesses. Renova Energy, partially invested by the company, immediately declared it was temporarily halting all business operations in California and Arizona. SunPower plans to cut jobs and close its direct sales channel to survive. But analysts see it on the cusp of failing. After conceding looming financial troubles in December, the company fired i ………………………………