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Q Cells announces $2.5 billion investment in US solar supply chain – pv magazine International


Q Cells plans to fabricate 3.3 GW of photo voltaic ingots, wafers, cells, and completed modules at a brand new facility within the US state of Georgia.

from pv journal USA

In what’s being known as the biggest funding in US photo voltaic historical past, Q Cells introduced it is going to make investments greater than $2.5 billion to construct a whole photo voltaic provide chain in the US. This makes the South Korean firm, a subsidiary of Hanwha Options, the primary to construct a totally built-in, silicon-based photo voltaic provide chain within the US market.

Q Cells intends to interrupt floor on a brand new, state-of-the-art facility in Bartow County, Georgia, the place it is going to manufacture 3.3 GW of photo voltaic ingots, wafers, cells, and completed modules. It additionally has a facility in Dalton, Georgia, the place it is going to assemble an extra 2 GW of modules. With plans to extend manufacturing in Dalton by one other 5.1 GW, Q Cells expects its whole manufacturing within the state to succeed in 8.4 GW by 2024.

The announcement was made by Q Cells’ mother or father firm, Hanwha Options, situated in Seoul, South Korea.

“Because the demand for clear power continues to develop throughout the nation, we’re able to put 1000’s of individuals to work creating totally American Made and sustainable photo voltaic options, from uncooked materials to completed panels,” mentioned Justin Lee, CEO of Q Cells. “We’re dedicated to working with our clients in addition to nationwide and Georgia state leaders to convey totally clear power to thousands and thousands of individuals throughout the nation.”

Q Cells cited Senator Jon Ossoff’s Photo voltaic Power Manufacturing for America Act, now a part of the Inflation Discount Act (IRA), as enjoying an vital position in selling extra funding in the US. The IRA affords many tax credit for clear power manufacturing.

Q Cells has been a number one participant within the US photo voltaic marketplace for the previous 5 years, in accordance with Wooden Mackenzie’s This autumn 2022 US PV Leaderboard report. It is usually the main module provider for the US business sector as of 2019. However now, Q Cells plans to fight the challenges within the photo voltaic provide chain which are at the moment halting progress by producing ingots , wafers, and cells, in addition to modules.

Q Cells is already concerned in making silicon. In March 2022, mother or father firm Hanwha Options turned the biggest shareholder of REC Silicon, a silicon producer primarily based in Moses Lake, Washington. The ability is anticipated to start out manufacturing within the second half of this 12 months.

Again in March 2022, Lee defined the corporate’s intention to create the whole photo voltaic provide chain.

“Our dedication to the US is extra critical than ever,” Lee mentioned. “We plan to make investments to safe capabilities throughout the photo voltaic provide chain, with the objective of offering our companions with ‘Made in America’ merchandise that can assist the US regain management in options of unpolluted power.”

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