Chinese Company Receives Tax Credit for Solar Factory in U.S.

On September 3, according to Caixin, JinkoSolar recently received a tax credit for its factory in Florida under the Inflation Reduction Act (IRA). This marks the first time a Chinese solar company has obtained clean energy-related incentives in the U.S., signifying an important step in the internationalization of China's solar industry. It also presents new opportunities for cooperation between China and the U.S. in the clean energy sector, potentially driving Chinese solar companies to expand their presence in the U.S. market.