31 Jan '18, 11am

JinkoSolar Finalizes Plans to Build the First US Factory in Response to Tariffs

JinkoSolar announced this week that it is finalizing plans to build an advanced solar manufacturing facility in the U.S., as the company continues to monitor the implementation of new tariffs on imported solar cells and modules . The company's board of directors authorized JinkoSolar to move forward with the construction process, as the Shanghai-based firm reported that it has signed a master solar module supply agreement with a U.S. counterparty to provide around 1.75 gigawatts of high-efficiency solar modules over three years. JinkoSolar's management team recently told investors that it is targeting to build the U.S. facility for around $120 million, GTM learned. That amount is well below the total projected cost of a $410 million facility under consideration in Jacksonville, Florida -- dubbed "Project Volt." The Jacksonville City Council has already approved $24.2 milli...

Full article: https://www.greentechmedia.com/articles/read/jinko-solar-...

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