The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Philip Shen - Roth Capital Partners LLC - Analyst
: Hi, everyone. Thanks for taking my questions. First one is on the election results. We have a red sweep officially now and the Inflation Reduction
Act could be changed. So I was wondering, you just signed a DSA in the US with a partner in the US and I was wondering if you have any automatic
adjusters. Or how are you accounting for this potential risk to the ITC as you try to sign more DSAs in the states? Thanks.
Question: Philip Shen - Roth Capital Partners LLC - Analyst
: Okay. Yumin, in terms of the potential changes, we published on Monday that the base 30% ITC may require domestic content just to get to 30%.
So if that kind of change happens, have you factored that into your planning?
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NOVEMBER 14, 2024 / 9:30PM, SOL.N - Q3 2024 Emeren Group Ltd Earnings Call
Question: Philip Shen - Roth Capital Partners LLC - Analyst
: Okay.
Question: Philip Shen - Roth Capital Partners LLC - Analyst
: Okay. So your battery DSA does not require the ITC?
Question: Philip Shen - Roth Capital Partners LLC - Analyst
: Okay. So if the ITC requires domestic content, do you think you have the ability to meet domestic content for that battery solution?
Question: Philip Shen - Roth Capital Partners LLC - Analyst
: Yeah. And ultimately, we don't know the details yet, and we're still very early. Okay. So let's shift gears to the revenue mix for Q3, those projects
that were pushed out into Q4. I think Yumin you said that you expect that these projects should get approved in Q4. What is the risk that these
delays sustain?
Question: Philip Shen - Roth Capital Partners LLC - Analyst
: Okay. So I understand. And so when we look at your 2025 guidance, do you think you have factored enough conservatism into your guidance? So
have you increased the conservatism for this guide relative to maybe 1 year ago or 6 months ago?
Question: Philip Shen - Roth Capital Partners LLC - Analyst
: Okay. Thank you. In terms of the $50 million, what percentage is IPP versus DSA for '25?
Question: Philip Shen - Roth Capital Partners LLC - Analyst
: Okay. And then -- so let's say it's $20 million for IPP and then --
Question: Philip Shen - Roth Capital Partners LLC - Analyst
: $30 million for DSA. And what percentage of that $30 million is US versus Europe?
Question: Philip Shen - Roth Capital Partners LLC - Analyst
: Okay. Great. Okay. As the US goes through changes, I think that mix focus on Europe is good. Great. Well, thank you for taking many questions. I'll
pause here and pass it on.
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