Photovoltaic manufacturer JinkoSolar will invest $50m in a Florida module facility, becoming the first Chinese firm to set up in the US following the imposition of tariffs on solar imports. The company said it would build two new modules at its facility near Fort Lauderdale, Florida, and hire about 100 workers over three years. JinkoSolar, whose move to the US was first mooted in January, is taking advantage of a tariff exemption that allows up to 2.5 GW of solar cells annually to be assembled in the US.
Photovoltaic manufacturer JinkoSolar will invest $50m in a Florida module facility, becoming the first Chinese firm to set up in the US following the imposition of tariffs on solar imports. NextEra Energy Resources, owner of Florida Power & Light, is widely rumoured to be the US counterparty. JinkoSolar, whose move to the US was first mooted in January, is taking advantage of a tariff exemption that allows up to 2.5 GW of solar cells annually to be assembled in the US.