{"id":111700,"date":"2025-11-25T11:22:06","date_gmt":"2025-11-25T16:22:06","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/ccp-linked-firms-quietly-hold-stakes-in-us-solar-companies-fueling-dems-green-push-111700"},"modified":"2025-11-25T11:22:06","modified_gmt":"2025-11-25T16:22:06","slug":"ccp-linked-firms-quietly-hold-stakes-in-us-solar-companies-fueling-dems-green-push","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/ccp-linked-firms-quietly-hold-stakes-in-us-solar-companies-fueling-dems-green-push-111700","title":{"rendered":"CCP-linked firms quietly hold stakes in US solar companies fueling Dems’ green push"},"content":{"rendered":"
\n

A pair of major North American solar companies, including one touted by Senate Democrats in 2023, could face scrutiny over their ties to China.<\/p>\n

While the feds have created barriers to Chinese firms flooding the solar market, many have found ways to localize operations in the U.S. or North America in a manner that allows for public investment and even deferential press coverage at times.<\/p>\n

After then-President Joe Biden<\/a> signed the Inflation Reduction Act, Senate Democrats praised the law for its substantive investments in “green” energy, including solar. One company that received top billing was an Ontario-based firm that was founded by a Chinese entrepreneur and keeps much of its assets in China.<\/p>\n

“The Inflation Reduction Act is already paying huge dividends for the American people,” blared a topline from Senate Democrats in 2023 after investments were being made in several companies.<\/p>\n

ARREST OF CHINESE NATIONALS IN SWING STATE, ISRAEL’S FIGHT WITH IRAN ARE ‘WAKE UP’ CALL ON CCP THREAT: EXPERTS<\/strong><\/a><\/p>\n

The release cited a Reuters report that Canadian Solar \u2013 based in Guelph<\/a>, Ontario, but founded by Qu Xiaohua and with its main operating arm listed on Shanghai\u2019s SciTech board \u2013 committed to $250 million to a 5GW module facility in Texas<\/a> after the IRA took effect.<\/p>\n

Trina Solar North America president Steven Zhu boasted to China Daily<\/a>, a Chinese state-run propaganda outlet, that the project represents “a significant investment in American manufacturing that will bolster the U.S. solar market in addition to positioning Texas as a leader in the transition to a sustainable future.”<\/p>\n

Canadian Solar saw a 34% spike in its stock performance in the first half of 2022, according to a Benzinga analysis, which quoted company CEO Shawn Qu as saying he was “excited to see the [IRA] in the U.S. coming into effect.” The report said “alternative energy companies” like Canadian Solar stood to get a leg up thanks to about $370 billion in subsidies from the IRA.<\/p>\n

THINK TANK FOUNDER FACES SCRUTINY OVER CHINA CORPORATE TIES DESPITE DECOUPLING ADVOCACY<\/strong><\/a><\/p>\n

A 2025 company filing with the Securities & Exchange Commission (SEC) referenced that due to the company\u2019s business in China, the CCP “may intervene or influence the operations of our PRC subsidies at any time” and that the firm is “exposed to legal and operational risks associated with having a significant portion of our manufacturing operations in China.”<\/p>\n

The Canadian-based company with a large Chinese manufacturing footprint \u2013 praised by Democrats \u2013 extends China\u2019s state-backed dominance, yet can still qualify for IRA tax incentives meant for American allies \u2013 something that Congress has been focused on.<\/p>\n

Rep. John Moolenaar, R-Mich., chairman of the House Select Committee on the CCP, recently sounded the alarm on companies affiliated with China that receive or are qualified for federal subsidies<\/a> \u2013 including through Biden\u2019s IRA.<\/p>\n

TOP HOUSE REPUBLICAN THREATENS TO EXPOSE CCP OFFICIALS IF CHINA INVADES TAIWAN<\/strong><\/a><\/p>\n

Moolenaar previously focused on another Chinese firm called Gotion, telling The Midwesterner<\/a> there are “about 30 tax credits” in the law “Biden calls his Inflation Reduction Act [that] will go to companies who are manufacturing, in some way, green energy.”<\/p>\n

Moolenaar\u2019s “No Gotion Act” would ensure no subsidies go to firms based in officially designated politically-concerned countries like China, Russia, North Korea and Iran.<\/p>\n

He also inserted language in the 2024 funding bill for the Department of Energy that would prohibit the agency from awarding contracts to companies tied to the CCP.<\/p>\n

4 WAYS AMERICAN STATES AND CITIES CAN MEET THE CCP THREAT TO OUR WAY OF LIFE<\/strong><\/a><\/p>\n

Fox News Digital reached out to Moolenaar for additional comment.<\/p>\n

Rep. Carlos Gimenez, R-Fla., chair of the House Homeland Security Transportation Subcommittee, said at the time<\/a> that the U.S. cannot continue “ceding dominance over\u00a0our critical\u00a0supply chains\u00a0to\u00a0our greatest geopolitical rival.”<\/p>\n

Gimenez, who was born in communist Cuba and fled to the U.S. as a child, said Western nations were too slow to recognize threats from Huawei and TikTok, and that doing business in China ensures the CCP will get a cut; “a steep cost.”<\/p>\n

WHITE HOUSE FINALIZES RULES INCREASING CLEAN ENERGY SUBSIDIES FIVEFOLD IN BID TO SUPPORT GREEN JOBS<\/strong><\/a><\/p>\n

Canadian Solar had about 12,000 employees in China at the beginning of the year with less than 6,000 in the rest of the world combined.<\/p>\n

The Coalition for a Prosperous America raised red flags in a report last year on Chinese dominance in the solar industry, and the fact that they\u2019re largely kept afloat by “massive financial support” from the Chinese government<\/a> \u2013 with reports citing as much as Y1B ($140M) in subsidies in recent times.<\/p>\n

Those subsidies, CPA argued, threaten all solar firms in the West.<\/p>\n

BIDEN FINALIZES CRACKDOWN ON US MILITARY TECH INVESTMENTS IN CHINA WITH ONE WEEK TO LAME DUCK SESSION<\/strong><\/a><\/p>\n

In 2024, Trina Solar, then a subsidiary of a Chinese solar giant by the same name, forged an agreement to sell its Texas-based manufacturing assets to another U.S.-based but Chinese-tied company, which is now known as T1 Energy. Trina Founder Gao Jifan is also a Chinese National People\u2019s Congress delegate.<\/p>\n

Gao has several links to CCP-connected organizations, as a profile on the Chinese-controlled search giant Baidu lists several curriculum<\/a> vitae, including a former vice president of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products \u2013 a semi-governmental trade association made up of representatives from several industrial and green-energy corporations like Huawei and Trina Solar.<\/p>\n

More recently, in 2023, Gao was vice president of the China Association for the Promotion of Industry-Academic-Research Cooperation, a group under the auspices of the CCP\u2019s Ministry of Science and Technology that connects research universities and manufacturing outfits in the fields of nanotechnology, material manufacturing and green energy.<\/p>\n

TRUMP IS TAKING THE FIGHT TO THE CCP. IT’S LONG PAST TIME WE PROTECTED OUR BASES AND CRITICAL INFRASTRUCTURE<\/strong><\/a><\/p>\n

On its homepage, T1 bills itself as “building domestic solar and battery supply chains to invigorate America with scalable, reliable, and low-cost energy,” and saying that “America needs advanced manufacturing capacity to unlock our most scalable energy resources.”<\/p>\n

Baidu noted Gao\u2019s investment<\/a> in a Texas solar module factory, saying he did so to “prevent the shipment of photovoltaic products from being blocked.”<\/p>\n

T1 formed after FREYR Battery, a Norwegian firm, sold off its Texas assets to Trina Solar, which then rebranded the operation as T1 Energy after a restructuring \u2013 while FREYR focused on a separate Georgia operation.<\/p>\n

BROTHER-IN-LAW OF TOP DEM SENATOR PLAYED KEY ROLE IN RECRUITING CHINESE FIRMS TO DEEP BLUE CITY<\/strong><\/a><\/p>\n

T1 positions itself as an “integrated U.S. supply chain for solar and batteries,” but remains largely dependent on Trina.<\/p>\n

Earlier this month, T1 tweeted a video of robots at its Texas factory, saying that it produced 14MW of solar panels in one day and calling it “the path to American power.”<\/p>\n

Trina Solar, the Chinese company, owns between 16-25% of T1, according to reports, allowing it a minimum of two board members. One member is reportedly a businessman who previously held a deputy directorship at the Chinese Development Bank, a financial powerhouse that helps fund China\u2019s infamous Belt-and-Road Initiative.<\/p>\n

COZY TIES BETWEEN TOP NEWSOM ALLY AND CCP OFFICIAL UNEARTHED ON NETWORKING SITE: ‘SHE HELPED ME A LOT’<\/strong><\/a><\/p>\n

A Caribbean-domiciled firm<\/a> tied to the wife of a Trina executive also holds a stake in T1, potentially offering more Eastern control.<\/p>\n

With T1 being a U.S. company eligible for tax credits under the IRA, the company benefits \u2013 but also its dependence on Chinese subsidy translates to a CCP-tied firm benefiting from American money.<\/p>\n

In Canadian Solar\u2019s case, critics have considered the branding and international dynamic to be geopolitical camouflage, suggesting to Western governments the company is one of their own.<\/p>\n

The overall dynamic is one that again depicts China\u2019s persistence in circumventing or manipulating U.S. defenses<\/a> in various situations, this time in business and investments.<\/p>\n

Chinese companies often collaborate on joint transpacific ventures and keep their equity stakes just under the proportion that triggers federal restrictions as a “Foreign Entity of Concern” (FEOC).<\/p>\n

Fox News Digital reached out to Trina Solar and Canadian Solar for comment.<\/p>\n

Fox News Digital’s Cameron Cawthorne contributed to this report<\/i>.<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/politics\/ccp-linked-firms-quietly-hold-stakes-us-solar-companies-fueling-dems-green-push <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A pair of major North American solar companies, including one touted by Senate Democrats in 2023, could face scrutiny over their ties to China. 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