JinkoSolar confirmed today that the company’s board of directors has authorized the planning of a U.S. panel manufacturing facility.
China-based JinkoSolar has long been assumed to be the company behind Jacksonville, Florida’s “Project Volt.” The secretive business plan said a panel manufacturer wished to open a facility in the area and hire as many as 800 people by 2019 to make and assemble solar products. Jacksonville City Council approved up to $24.6 million in tax incentives last week. If Project Volt is indeed JinkoSolar, the company will lease 1.2 million sq. ft within a manufacturing plant and a distribution center and invest $410 million in the two facilities.
On Jan. 22, President Donald Trump initiated 30% tariffs on imported solar cells and panels. JinkoSolar could bypass the tariffs once it is set up in Florida, but production isn’t expected to begin until two years into the four-year tariff outline.