Qcells Supplier Hanwha to Invest $147 Million in Georgian Center

Mar 24, 2023 11:28 AM ET
  • The new center by Hanwha will provide clean power company Qcells with encapsulant film.
  • Likewise, Hanwha will certainly be the only company in the USA producing solar encapsulants.

Hanwha Advanced Materials Georgia, a manufacturer of light-weight sophisticated materials for lasting modern technology, will certainly invest about $147 million in a new manufacturing center to supply the Qcells facility in Cartersville.

Georgia Governor Brian Kemp claimed that the Hanwha financial investment will certainly develop more than 160 new tasks in the City of Cartersville.

Hanwha Advanced Materials Georgia, is a subsidiary of Hanwha Group and will supply Qcells with encapsulant film. These materials are utilized in solar cells to guarantee lasting panel sturdiness. Hanwha will certainly be the only business in the United States producing solar encapsulants.

" The items we make are an essential item of the clean power supply chain puzzle, and we are excited to satisfy this need," claimed Inhwan Kim, Chief Executive Officer of Hanwha Advanced Materials. "Building our cutting-edge, progressed products in Georgia will certainly not just produce new professions in solar however help bring more budget friendly, trustworthy clean power to customers throughout the nation."

" Qcells is increasing down on building a full, residential solar supply chain, as well as this recent investment is critical to making that happen," claimed HG Park, President of Qcells North America. "Dealing With Hanwha Advanced Materials, our clients will certainly quickly be able to with confidence know that the solar they purchase from us was squared away here in America."

Hanwha will create a new production facility situated at a Georgia Ready for Accelerated Advancement (GRAD) certified site. The facility is forecasted ahead online in Summer 2024.

Mayor of Cartersville Matt Santini, added on Hanwha advancement, "Our mix of industries in Cartersville and Bartow County is more expanded by including them to our regional mix, and also among our goals from the get go was to hire world-class business to our area. This aids accomplish this goal. It is also important to note that this is an additional clean power business pertaining to our neighborhood, showing the development and importance of that market."

The Georgian Solar Story

As a top 10 state for solar energy manufacturing, solar photovoltaic is the fastest-growing resource of energy in Georgia, which the Solar Energy Industries Association ranked 7th by cumulative solar capacity in 2022.

To lower supply-chain obstacles to the development of the solar industry, firms like Qcells are dedicated to building a thorough solar value chain in the United States.

In January, Qcells introduced it would certainly increase its photovoltaic panel production capacity in Georgia to 8.4 GW, 3.3 GW of which will certainly be manufactured at the Bartow County center by 2024.

Solar Installers, Manufacturers