Chinese clean-tech companies are scaling back projects in the U.S. en masse – Bloomberg

Chinese manufacturers of solar panels and other green technology have scrapped $2.8 billion in planned investments in the U.S. for 2025. Chinese clean-tech companies are leaving the U.S. market due to a hostile political environment and the elimination of tax incentives, which has led to the suspension or cancellation of more than half of the planned investments. 

This is reported by Bloomberg.

According to a study by the Rhodium Group, most projects announced since 2022 are currently on hold or have been completely canceled. In particular, Shanghai-based Jinko Solar has agreed to sell a controlling stake (75%) in its Florida plant. Companies are forced to rethink their strategies due to new legislative barriers that restrict the activities of foreign entities, which are a cause for concern in Washington.

The situation has escalated since the arrival of the Donald Trump administration, which began rolling back tax credits and incentives introduced during the Joe Biden era. While Chinese investors had planned to invest $5.6 billion in the U.S. economy in 2023, there is now a 17% overall decline in investment in the sector. The new rules make manufacturing in the U.S. economically unprofitable and politically risky for companies from Russia or China.