Hanwha Q Cells to invest $2.5 billion in the U.S.
Post date: 25/01/2023 - 23:36
Korea’s Hanwha Corporation, through its Hanwha Solutions division, plans to invest $2.5 billion to »establish a fully-integrated, silicon-based solar supply chain« in the United States. In the first quarter of this year, Hanwha Solution’s Photovoltaic branch Hanwha Q Cells will begin construction of a factory in Bartow County, Georgia, with an annual production capacity of 3.3 gigawatts of silicon ingots, wafers, cells and modules, respectively. The company also plans to increase module manufacturing capacity in Dalton, Georgia, by two gigawatts. In total, Hanwha Q Cells will then have a module production capacity of 8.4 gigawatts in Georgia.
According to Hanwha, this is not only the company's largest renewable energy investment to date, but also in the history of the U.S. solar industry. Q Cells commissioned its Dalton module factory in 2019 with 1.7 gigawatts of capacity and announced a 1.4 gigawatt expansion last year. Once the now-announced investment is complete, the company will employ about 4,000 people in Georgia.