- JinkoSolar terminates 4 GW Hai Ha solar cell project in Quang Ninh province, citing worsening export economics to the US.
- Planned investment scaled back from US$1.5 billion to US$294.2 million before official project revocation.
- Company retains other Vietnam operations and shifts strategic focus toward regional diversification and localised supply chains.
JinkoSolar has formally terminated its Hai Ha solar cell project in Vietnam following a request from the investor and approval from the Quang Ninh Provincial Economic Zone Management Board under Vietnam’s Investment Law. The board revoked the project’s investment certificate on March 11.
The project was designed for 4 GW of solar cell capacity and 3 GW of module capacity. When first filed in October 2023, the project carried a total planned investment of US$1.5 billion, later revised to around US$294.2 million in January 2024.
The termination followed a formal notice submitted by JinkoSolar on February 26, 2026. Vietnamese authorities confirmed the closure was investor-led rather than government-mandated. A key factor was the challenging economics of exporting Vietnam-made photovoltaic products to the US. In June 2025, the US Department of Commerce imposed antidumping duties on crystalline silicon PV cells from Vietnam. Jinko Solar (Vietnam) Industries Co., Ltd. faced an estimated weighted-average dumping margin of 125.91% and an adjusted cash deposit rate of 120.38%.
The Hai Ha project had been part of JinkoSolar’s Southeast Asian manufacturing footprint targeting the US market. Its cancellation reflects a broader reassessment of regional solar manufacturing economics amid rising US tariffs.
JinkoSolar will continue other operations in Vietnam, including solar cell and wafer plants, maintaining around 10 GW of integrated n-type capacity. The company is reportedly refocusing its global strategy on regional diversification, localised supply chains, and markets such as the Middle East and wider Asia-Pacific.
The company is now expected to complete project termination procedures, covering construction in progress, tax and social insurance obligations, and land lease matters. The case highlights how international trade policy is increasingly shaping investment and manufacturing strategies for Chinese solar companies abroad.
Author: Bryan Groenendaal
