solar manufacturing industry gained a new private equity-backed player today as FH Capital completed its acquisition of JinkoSolar’s domestic production assets.

The deal creates a standalone platform focused on producing photovoltaic modules for utility-scale and commercial solar projects, capitalizing on incentives that favor American-made renewable energy equipment.

manufacturing business consists of a factory that has produced solar panels since 2019, serving developers and project owners across the country.

The facility, a key part of the Chinese company’s global footprint, will now operate under FH Capital’s ownership with a mandate to increase output and capture growing demand for domestically sourced solar technology.

FH Capital is a private equity firm that targets industrial and energy transition companies.

The acquisition represents its entry into solar component manufacturing, a segment that has seen heightened investor interest as supply chain reshoring and tariff policies reshape the competitive landscape.

The firm plans to support the business through operational improvements and potential add-on investments.

The acquisition comes as solar developers increasingly seek modules that qualify for domestic content bonuses under the Inflation Reduction Act, making U.S.-based manufacturing facilities more valuable.

FH Capital’s backing could enable additional capacity and workforce growth at the plant, although specific growth plans were not disclosed.

The parties did not release financial terms.