s Chinese Solar Manufacturing Moving to The United State?/RNN

This is a key question on today's show with Randy Wheeless from Duke Energy;  a utility company that has fully invested in and endorsed clean energy and smart tech.  The new tariffs are in place.  What is their impact on the solar business?   

US manufactures, in our view, cannot ramp up fast enough to meet product demand.  Hence, nothing will slow the flow of imports.  That is short term?  Will it change long term?  Here's a good overview to consider.

Listen in today, live, 1-2p, ET to hear more.

 

Are the Chinese already figuring ways around Trumps Tariffs? Ways that could end up creating new jobs in the U.S.?

JinkoSolar Holding Co., Ltd., a global leader in the solar PV industry, announced that its wholly-owned subsidiary, JinkoSolar (U.S.) Inc. (“Jinko U.S.”), has signed a major master solar module supply agreement with a U.S. counterparty.

Under the Master Agreement, Jinko U.S. will provide around 1.75 GW of high-efficiency solar modules over approximately three years.

“This deal will further solidify our leadership in the U.S. market,” said Mr. Nigel Cockroft, General Manager of Jinko U.S. “An agreement of this magnitude exemplifies JinkoSolar’s commitment to provide our clients with the most reliable products and dependable, regional customer service.”

Concurrently, the Company’s Board of Directors has authorized JinkoSolar to finalize planning for the construction of an advanced solar manufacturing facility in the U.S. JinkoSolar continues to closely monitor treatment of imports of solar cells and modules under the U.S. trade laws.

Is this just a one-off or are we going to start to see more companies deciding to manufacture their products in the U.S. because there is a cost savings in avoiding the tariff? We’ll continue to watch and see and reach out to companies like Jinko U.S. to learn more.