Chinese Clean-Tech Firms Cut U.S. Exposure as Policy Shifts Threaten Tax Credits

Chinese clean-technology companies are accelerating a retreat from U.S. manufacturing, with Jinko Solar’s sale of control of its Florida plant adding to about $2.8 billion in canceled U.S. projects in 2025, Rhodium Group said. More than half of proposed Chinese clean-tech investments in the U.S. announced since 2022 had been canceled, paused or delayed as of March 31, 2026, Rhodium said in a report published May 13, 2026. The pullback comes after Chinese firms announced $5.6 billion of U.S. investments in 2023, driven by Biden-era tax credits. Jinko agreed on May 8, 2026, to sell about 75% of its Florida solar panel facility to FH Capital, citing U.S. manufacturing regulations and operational risk. Trina Solar sold a majority stake in its Texas plant in 2024, while Corning acquired a JA Solar Arizona plant in 2025. Analysts said Trump-era foreign-entity rules could leave China-linked factories at a disadvantage to domestic producers such as First Solar, which expects more than $2 billion in 2026 credits.