30 Mar '18, 5pm

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

JinkoSolar has confirmed plans to invest $50 million into a factory in Florida to supply NextEra Energy Resources with up to 2.75 gigawatts ofsolar 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. The search for possible locations for the factory quickly zeroed in on Jacksonville, Florida, where the city council had approved $24.2 million in incentives to attract an unknown foreign manufacturer to build a $410 million factory, dubbed "...

Full article: https://www.greentechmedia.com/articles/read/jinkosolar-c...

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