Reuters: Trump’s crackdown on China-linked solar firms stalls U.S. factory boom
Banks have scaled back financing as companies race to cut Chinese ownership below 25% to protect federal tax credits, industry officials said.
- The Trump-backed 'One Big Beautiful Bill,' passed in 2025, restricts Chinese firms from clean-energy subsidies, though the Treasury Department has yet to provide implementation guidance.
- Major banks including Morgan Stanley, JPMorgan and Goldman Sachs have scaled back tax-equity financing for solar projects, fearing that future Treasury interpretations could retroactively invalidate crucial tax credits.
- Companies like JinkoSolar and Illuminate USA are restructuring to comply with the 25% ownership limit, yet many retain financial links, leaving industry officials questioning their eligibility for credits.
- Sunrun recently narrowed its approved supplier list to avoid compliance risks, while Aaron Halimi, chief executive of Renewable Properties, warns "this is undoubtedly going to continue to increase the cost of power in the United States."
- Given China controls roughly 80 percent of global solar equipment production, decoupling remains difficult, complicating efforts to shift the industry away from Beijing's dominant supply chain and heavy subsidies for Chinese firms.
8 Articles
8 Articles
Trump's Crackdown on China-Linked Solar Firms Stalls US Factory Boom
Top solar companies, banks and insurers have stopped doing business with at least a half dozen recently built U.S. panel factories because of uncertainty over whether their ties to China could disqualify them from clean-energy subsidies, according to industry executives and documents reviewed
Trump’s crackdown on China-linked solar firms stalls U.S. factory boom
Top solar companies, banks and insurers have stopped doing business with at least a half dozen recently built U.S. panel factories because of uncertainty over whether their ties to China could disqualify them from clean-energy subsidies, according to industry executives and documents reviewed
Trump’s Solar Policy Uncertainty Threatens US Manufacturing Growth
Top solar companies, banks, and insurers have halted business with recently built U.S. panel factories due to uncertainty over ties to China impacting clean-energy subsidies. The Trump administration's policies have led to this shift, endangering over a third of U.S. solar capacity initially developed by Chinese firms. This move, driven by policy uncertainty, is affecting installers and insurers, with implications for U.S. manufacturing jobs and…
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