Renewable energy manufacturer Jinko Solar Co’s decision to sell control of its Florida facility marks the latest sign of a wider retreat by Chinese clean technology companies from the United States, as they face tighter policies and reduced incentives.
Chinese firms in the sector have cancelled about US$2.8 billion (RM11.0 billion) worth of planned US manufacturing investments in 2025, according to Rhodium Group data. More than half of proposed projects announced since 2022 have been cancelled, delayed or paused.
The pullback comes after a surge in investment during the Biden administration, when tax credits encouraged Chinese clean-tech firms to commit about US$5.6 billion in US projects in 2023. However, policy shifts under President Donald Trump, including stricter rules on foreign-linked manufacturers, have reduced the attractiveness of the US market.
Jinko Solar recently agreed to sell a 75% stake in its Florida solar plant to FH Capital, citing the need to optimise its overseas assets and reduce operational risks. The company also pointed to compliance with US manufacturing requirements.
Other Chinese clean-tech players have also scaled back US exposure, including Trina Solar and JA Solar, which have sold or reduced stakes in American facilities.
Analysts say the tightening policy environment and limited access to US tax credits are putting Chinese-owned factories at a significant disadvantage compared with domestic producers, weakening incentives for further investment.
