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April 2, 2018

JinkoSolar Confirms $50M Investment in US Factory to Make Tariff-Free Solar Panels

  • Government
  • Executive
  • Industry
  • Energy

Greentech Media – JinkoSolar has confirmed plans to invest $50 million into a factory in Florida to supply NextEra Energy Resources with up to 2.75 gigawatts of solar modules over four years. It's the first move by a Chinese PV giant to invest in U.S. manufacturing in response to the Trump administration’s 30 percent tariff on imported solar products

The announcement makes official a plan that’s been reported on for months. JinkoSolar first said it was planning a U.S. factory in January, as part of a master solar module supply agreement with an unnamed U.S. counterparty to provide around 1.75 gigawatts of high-efficiency solar modules over three years.

Read more at Greentech Media.