Hanwha to invest US$ 320 million in new solar cell, module manufacturing capacity growths
- Hanwha Solutions has unveiled plans to spend US$ 320 million in cell and module production capacity developments in the United States and also Korea.
A total amount of US$ 170 million is to be invested in the building of a 1.4 GW module production center in the US, reinforcing the firm's setting in the US module market.
Hanwha device Qcells already runs a 1.7 GW module manufacturing facility in Georgia and also the capacity addition, slated to find online in H1 2023, will certainly indicate Qcells is in charge of around one-third of the US' total solar module production capacity.
In an interview held the other day as well as attended by PV Tech, Qcells head of state Justin Lee confirmed that the new center will wholly create household PV modules, with the firm intending to cement its setting because particular market.
Meanwhile cell production capacity at Hanwha's existing cell manufacturing center in Korea will be expanded by a more 900MW with an investment of US$ 150 million.
Hanwha noted it was the very first financial investment in Korean cell production in five years.
Hanwha is as well aiming to deal with a number of locations of its supply chain, decarbonising PV panel making through making use of low-carbon polysilicon from providers including OCI, with which it concurred a 10-year polysilicon supply offer last month, as well as REC Silicon, of which Hanwha is now a major investor.
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