Private equity firm FH Capital reached an agreement to acquire a 75.1% majority stake in JinkoSolar’s U.S. manufacturing subsidiary to expand domestic module and battery production.
The Portland, Tennessee “Mega Facility” consolidates three existing sites and marks a $30 million investment in domestic solar and energy storage supply chains.
As global solar installations approach 600 GW, the industry is shifting from a technology-driven market to one defined by the industrial capacity and supply chain resilience required to meet record demand.
Incentives in the U.S. Inflation Reduction Act (IRA) of 2022 drove a surge in announcements of new solar manufacturing facilities across the United States, and the country now hosts more than enough module production capacity to meet forecast domestic demand for several years. A shift in policy priorities has created uncertainty, but the continued availability of manufacturing tax credits and a focus on domestic industry have U.S. module makers looking to add cells and other components to their production plans.
Single-phase inverter products manufactured in Texas are now being shipped to multiple European markets as SolarEdge adapts its international export strategy. The manufacturer tells pv magazine key components will increasingly be manufactured in the United States in the coming years.
The company is exporting residential single-phase inverters from its Texas facility to Italy, France, and the Netherlands. The shipments feature a “single SKU” design intended to simplify inventory for distributors and installers.
Nextpower, formerly Nextracker, announced it has opened a remote monitoring center for its solar tracker systems in Nashville, Tennessee and also expanded its Memphis steel manufacturing capacity.
A Solar Energy Industries Association report indicates that the U.S. solar manufacturing pipeline is robust, however, Trump Administration policies, regulations and trade actions could stall progress and dampen demand for U.S.-made products.
Solar module manufacturer Solx, a new player in the industry, is expected to soon open Puerto Rico’s first module manufacturing factory.
Nearly ten years after SMA America announced it was moving its Denver facility overseas, SMA is partnering with Create Energy to fuse German engineering with U.S. manufacturing.
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