Global oversupply and a collapse in module prices are not good news for manufacturers. But the details are always more complex, and many of the factories planned for the United States appear to be staying the course.
The investment from FTV Capital is the latest in a string of fundraising successes for the solar and energy storage lending platform.
A flood of cheap solar panels is likely to partially offset the effect of the Section 201 duties. It may also mean the revival of projects with marginal economics and could lead to module supply contracts being renegotiated.
The massive deal follows on Jinko’s 2.75 GW supply deal with NextEra, as it deepens its presence in the U.S. market.
The Trump Administration’s domestic energy policy has attempted a focus on strategic safety to support coal and nuclear, with zero focus on long term viability or cost, while forgetting that the sun shines everyday.
During May utility-scale solar provided 17% of generation on California’s grid, outpacing gas for the first time on a monthly basis.
The racking and tracker maker has secured eight additional manufacturing lines, including in six Southeast states.
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