• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Apple (AAPL.O) CFO: The company is applying for tariff refunds "through normal procedures" and will reinvest any recovered amounts in its advanced manufacturing projects in the United States.On May 1st, according to the Wall Street Journal, MetaPlatforms CEO Mark Zuckerberg provided new details about the companys aggressive AI plans and addressed the markets negative reaction to its first-quarter results at a company-wide meeting on Thursday. Zuckerberg attributed the 8% drop in Metas stock price to investor concerns about upward revisions to its expected capital expenditures and the companys forecast of slower growth in the second quarter. Zuckerberg said that Metas advertising business experienced a "trajectory shift" after the US-Iran conflict in late February. He said, "If oil prices rise, then consumers will spend more money on oil and gasoline, and less on non-essential items, which are typically targeted for advertising." Zuckerberg attributed the companys planned layoffs next month to the need to invest more in data centers and other AI infrastructure. He said, "The company basically has two cost centers. One is computing and infrastructure, and the other is people. If we invest more in one area to serve our community, it means we have less capital to allocate to the other area. So it means we really need to scale back the company a bit."Apple (AAPL.O) CEO Tim Cook: Memory costs are expected to have a greater impact on the business beyond the current quarter. We will consider various options to address memory cost issues.Apple (AAPL.O) CEO Tim Cook: Memory costs in the second quarter were higher than in the first quarter. Memory costs in the third quarter are expected to be significantly higher than in the second quarter.On May 1st, Apples incoming CEO, John Turner, stated briefly during the companys earnings call that he will continue Tim Cooks prudent approach to financial decision-making. He said, "A key characteristic of Tims tenure was his thoughtful, cautious, and rule-abiding approach to the companys financial decisions. I intend to continue this approach when I take over in September."

In the United States, solar costs increased by more than 8 percent in the second quarter

Charlie Brooks

Jul 15, 2022 10:35

79.png


According to a research published late on Wednesday, solar energy prices in the United States climbed by 8.1% in the second quarter as a result of an investigation by the Commerce Department into tariffs on Southeast Asian products and growing input costs.


According to a quarterly index that analyzes renewable energy transactions and is collected by LevelTen Energy, the increase amounted to a remarkable 29.7 percent increase in the overall price of wind and solar contracts, also known as power purchase agreements (PPAs), compared to the previous year.


Compared to the previous year, the cost of solar PPAs has climbed by 25.7%.


Since the Russian invasion of Ukraine, economic, logistical, and labor market problems caused by the coronavirus outbreak have intensified, undoing a decade of renewable energy industry cost reductions.


Wind contract expenditures grew by 2.5% during the quarter and have grown by 33.7% annually. Third-quarter wind energy costs in the Southwest Power Pool (NASDAQ:POOL) jumped by 16 percent due to a lack of transmission capacity. Some of the nation's most windy regions, including parts of Nebraska, Oklahoma, and Texas, are served by the grid operator.


LevelTen claimed that it was too soon to evaluate whether or not the decision by U.S. President Joe Biden in early June to waive tariffs on solar panels from the four Asian countries included in the probe for two years will alleviate some of the cost pressure.


In a survey of fifty developers conducted by the firm, around one-third responded that they wanted additional assurances that tariffs would not be applied retroactively if the Commerce Department were to implement them after the two-year wait.


LevelTen reports that the rising cost of wind and solar contracts for corporate and utility buyers has mirrored the rising cost of natural gas-related wholesale energy prices.