A Chinese solar giant came to America for a Biden windfall. Then Trump won.

The results of the presidential election were still being tallied on Wednesday when the announcement came: One of China’s largest solar manufacturers was selling a massive new factory in Texas.

Trina Solar was in line to receive nearly $1.8 billion in tax credits under President Joe Biden’s climate law, as one of several Chinese solar businesses setting up factories in the United States to benefit from the incentives in the Inflation Reduction Act. But President-elect Donald Trump has vowed to dismember Biden’s climate agenda, and has called for taking a hard line against economic competition from China.

Trina said Trump’s victory had “nothing to do” with the sale of the factory near Dallas to the Georgia-based battery manufacturer Freyr.

“Rather, it is based on the company’s long-term growth in the country,” a spokesperson said in a statement.

But analysts said the news illustrated the impact of Trump’s victory on energy markets.

With Republicans on track to control both chambers of Congress come January, the focus on Capitol Hill has turned to the future of the IRA. At the forefront of those discussions is the fate of generous tax breaks for companies that make solar panel parts and other clean energy components in the United States.

Lawmakers of both parties have already filed a handful of bills that could bar Chinese-linked companies from receiving tax credits under the IRA. Those talks will intensify after Republicans’ victories last week, industry analysts and lobbyists said.

Republicans have also expressed broader unhappiness with Biden’s handling of Chinese-made solar gear, including a two-year pause in imposing tougher trade barriers against equipment that comes to the U.S. via Southeast Asia.

"Democrats made a mistake when they failed to prohibit China from being eligible for the IRA tax credits, and the Biden administration's solar tariff moratorium was a disastrous policy that allowed China to overproduce and flood the market in an effort to harm U.S. solar manufacturers and undermine the IRA," said Nick Iacovella, a former aide to Sen. Marco Rubio (R-Fla.) and a senior vice president at the Coalition for a Prosperous America, a trade group representing U.S. manufacturers. “That’s not going to happen under Trump.”

Trina’s sale caught industry observers and local officials by surprise. The mayor of Wilmer, Texas, where the 1.35-million-square-foot factory was recently completed, said she had not heard the news when a reporter contacted her on Friday.

“That is the first I’ve heard of it,” said Sheila Petta. “I speak to Trina all the time, and I’ve not spoken to them about this.”