Chinese clean-tech firms retreat from U.S. as Jinko sells Florida plant stake

Chinese clean-technology manufacturers are accelerating a retreat from the U.S. as tighter policy rules threaten access to manufacturing tax credits. Jinko Solar agreed on May 08, 2026, to sell about 75% of its Florida solar-panel facility to private equity fund FH Capital, citing compliance with U.S. manufacturing regulations and reduced operational risk. China-based clean-tech companies canceled about $2.8 billion in planned U.S. manufacturing projects in 2025, Rhodium Group said in a May 13, 2026, report. More than half of proposed Chinese clean-tech investments announced since 2022 had been canceled, paused or delayed as of March 31, 2026. Overall U.S. clean-tech investment fell 17% in 2025. The pullback follows Biden-era incentives that helped drive $5.6 billion of Chinese clean-tech investment announcements in 2023. New restrictions under President Donald Trump’s 2025 tax law make it harder for Chinese-controlled factories or China-dependent supply chains to qualify for credits. First Solar said it expects more than $2 billion in credits in 2026.