China’s $3 Billion US Clean Tech Exit Is an Investment Warning
Some of the world’s top green manufacturers are abandoning ambitions in the US as policies target foreign entities.
A worker welds solar power components at Jinko Solar Co. in Yiwu City, China.
Photographer: Huang Zongzhi/Xinhua/Getty ImagesRenewable energy manufacturer Jinko Solar Co.’s recent decision to sell control of its Florida facility extends a multi-billion retreat from the US by China’s clean technology firms, as they contend with an increasingly hostile policy environment and the potential loss of Biden-era incentives.
China-based companies in the sector scrapped about $2.8 billion in planned US manufacturing projects in 2025, according to research by Rhodium Group. As of the end of March, more than half of proposed Chinese clean-tech investments in the US announced since 2022 had been canceled, paused or delayed, according to the group's calculations.