That's part of a broader downturn that saw a 17% decline last year in all clean technology investment in the US, Rhodium said in a report published on Wednesday.
(May 13): Renewable 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 US$2.8 billion ($3.6 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 cancelled, paused or delayed, according to the group's calculations.
