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Sunday, January 29, 2023

Nw: South Korea’s Q Cells to utilize $2.5B on US picture voltaic plant

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Dive Transient:

  • South Korea-primarily primarily primarily based energy company Q Cells launched Wednesday this is able to perchance additionally utilize bigger than $2.5 billion on a picture voltaic manufacturing plant in Georgia, portion of a notion to “to place a total picture voltaic present chain in the United States.”
  • The contemporary plant in Bartow County will make 3.3 GW of picture voltaic ingots, wafers, cells and accomplished panels, making it the largest thoroughly integrated picture voltaic manufacturing living in the U.S, in step with the liberate. A 2.2 GW growth at its Dalton, Georgia, facility will be planned.
  • The possess-out of the contemporary facility will approach after the Dalton growth, with business manufacturing slated for gradual 2024. The investment is expected to assert the South Korea-primarily primarily primarily based manufacturer’s total picture voltaic panel manufacturing means in the issue to eight.4 GW by next year.

Dive Perception:

Q Cells’ picture voltaic investment, which President Joe Biden referred to as the largest in U.S. historical previous, follows the signing of the Inflation Low cost Act, which comprises a host of incentives and tax credits to spur natty energy manufacturing.

Biden said in a press liberate that the Georgia plant will “assert help our present chains so we aren’t reliant on other worldwide locations, lower the tag of natty energy, and help us wrestle the native climate disaster.”

Q Cells is upping its investment throughout the picture voltaic tag chain from raw provides to accomplished product. As portion of this effort, parent company Hanwha currently turned the main shareholder in polysilicon producer REC Silicon. Polysilicon is a key feedstock for picture voltaic.

Efforts are also underway to make low-carbon polysilicon on the Norway-headquartered company’s factory in Moses Lake, Washington, which is powered by emission-free hydroelectricity. That facility will restart manufacturing in the second half of of 2023.

Q Cells started working in Georgia in 2019, and launched growth plans closing year to develop means at its Dalton facility. With this announcement, the flexibility is issue to safe 5.1 GW yearly initiating this year.

“By constructing out a precise, legitimate picture voltaic present chain in The US, we are able to form out the native climate disaster head-on while also organising correct paying, manufacturing jobs correct here at home,” said U.S. Secretary of Energy Jennifer Granholm.

Source

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