JinkoSolar made the announcement this week that it plans on building an advanced solar manufacturing facility in the United States.
JinkoSolar’s board of directors authorized the company to move forward with their construction process. They plan to invest $410 million in building a factory and its US headquarters in Jacksonville, Florida.
According to an article published in Green Tech Media, “several economists and industry analysts have stated that new tariffs imposed by President Trump won’t spark a U.S. solar manufacturing renaissance, the Jinko news comes as several existing U.S. module makers are starting to ramp up capacity and make new hires. Other foreign solar manufacturers may also be considering a U.S. market entry” Julia Pyper, Green Tech Media (Follow her on Twitter).
PV Magazine reports that JinkoSolar plans to “bring 400 jobs to the city by the end of the year, with the other 400 to be hired by December 31, 2019. Construction on the factory would begin June 30 and would be completed by the end of next year” Frank Andorka, PV Magazine (Follow him on Twitter).
JinkoSolar (NYSE: JKS) is a global leader in the solar industry. The Company distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions.