🇺🇸🇨🇳 America Wanted a Homegrown Solar Industry. China Is Building a Lot of It.
During the past year, the world’s biggest solar companies, all of which do the bulk of their manufacturing in China, have quietly launched plans to set up or expand panel factories in locations from Ohio to Texas—part of a rush to build in the U.S. following the introduction of generous production subsidies with the Inflation Reduction Act in 2022.
China-based companies are behind nearly a quarter of the roughly 80 gigawatts in new solar-panel capacity that has been announced since that legislation, according to an analysis by The Wall Street Journal. That positions them to be big beneficiaries of government subsidies as well—as much as $1.4 billion a year collectively if the panel factories announced so far are built, according to Journal calculations.