May. 13 at 11:28 AM
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Bloomberg) -- 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
$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.
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 Wednesday
https://finance.yahoo.com/news/china-3-billion-us-clean-100012169.html
