Date
24 February 2018
A Chinese solar firm is planning to open a manufacturing facility in the US following the Trump administration's decision on tariffs on imported panels. Photo: Bloomberg
A Chinese solar firm is planning to open a manufacturing facility in the US following the Trump administration's decision on tariffs on imported panels. Photo: Bloomberg

China’s JinkoSolar announces plan to open US production facility

Chinese solar manufacturer JinkoSolar Holding Co. has unveiled plans to open a plant in the United States, a week after US President Donald Trump imposed tariffs on imported solar panels.

JinkoSolar said on Monday that its board has given the go-ahead to the firm “to finalize planning for the construction of an advanced solar manufacturing facility in the US,” the Wall Street Journal reports.

The firm tucked news of its US manufacturing plans into an announcement about a deal to supply an unnamed US customer with 1.75 gigawatts of solar panels over about three years, the paper noted.

The plan appears to be linked to Trump’s recent tariff decision, which would tax imported solar panels and cells at 30 percent in the first year before the levy drops to lower levels in later years.

“JinkoSolar continues to closely monitor treatment of imports of solar cells and modules under the US trade laws,” the company said.

Trump had hoped his new tariffs, which also include similar import restrictions on washing machines, would lead foreign companies to shift production to the US.

Records filed with Jacksonville, Florida, show that a company code-named Project Volt, billed as a “leading international manufacturer of solar panels and modules”, wants to open what would be “the company’s first manufacturing and assembly operation in the US,” according to the Journal.

The company has committed to investing US$410 million, and creating as many as 800 jobs, by the end of 2019, according to city documents.

Jacksonville officials have approved more than US$24 million in incentives for the project, a city spokeswoman said, but she declined to comment on any ties between Project Volt and JinkoSolar, the Journal wrote.

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RC

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