NE Solar Powers Up: 2-GW U.S. Factory Opens in Phoenix

• NE Solar Energy is expanding its production with a new 2-GW solar panel factory in Phoenix, AZ. The factory will create 350 jobs and bring NE Solar's total manufacturing capacity to 6.7 GW. Facility and production equipment has already been selected and is awaiting delivery. This new venture is facilitated by the Inflation Reduction Act.

Cambodia-based solar panel manufacturer, New East Solar Energy, is expanding its production with a 2-GW solar panel factory in Phoenix, Arizona. This new factory, expected to be operational in late Q2 2024, will bring NE Solar's total manufacturing capacity to 6.7 GW and create 350 jobs. The building has already been selected and NE Solar is awaiting delivery of essential production equipment. This new venture is facilitated by the Inflation Reduction Act, and NE Solar's CEO Bill Huang is confident in the company's experience with its Indonesia facility, which became operational within six months of announcement. The new U.S. factory also prevents any importing issues.

What Challenges Does NE Solar Face in Expanding its U.S. Production?

• Availability of skilled labor: New East Solar Energy will need to ensure they have access to the skilled labor that they need in order to operate the new factory in Phoenix, Arizona.
• Government regulations: There may be certain government regulations and taxes that New East Solar Energy will need to comply with in order to operate the new factory.
• Risk mitigation: New East Solar Energy will need to ensure that their operations are secure and that they have a plan for mitigating any risks that arise from the new venture.
• Supply chain disruptions: New East Solar Energy will need to be aware of any potential supply chain disruptions that could affect their operations.
• Competition: New East Solar Energy will need to be aware of the competitive landscape in order to remain competitive.