South Korea's Qcells to Construct $2.5 Bn Solar Factory in United States; More Than Doubles Production

Jan 12, 2023 11:29 AM ET
  • The new facility will certainly manufacture 3.3 gigawatts of solar ingots, wafers, cells, and also ended up panels.
  • The factory will certainly be in Georgia that will certainly create 2,500 new jobs in the United States state.

South Korea's solar cells and also modules manufacturer Qcells will invest over $2.5 billion to increase its solar module manufacturing procedures in Georgia, United States. Qcells will certainly build a new center in Cartersville as well as add a 3rd facility to its Dalton area, creating greater than 2,500 new jobs in northwest Georgia. These financial investments are expected to bring Qcells' total photovoltaic panel production capacity in US to 8.4 GW by 2024 from 1.7 GW in 2022.

Governor Brian P. Kemp made the announcement, "With a concentrate on innovation and also innovation, Georgia continues to establish itself apart as the No. 1 state for organization. Incorporated with our robust logistics infrastructure, top-ranked workforce training program, and also joint method, Georgia provides a business-friendly setting that implies jobs for hardworking Georgians in every edge of the state as well as success for both existing and new business."

In 2019, Qcells opened up the biggest photovoltaic panel production facility in the Western Hemisphere in Dalton, Georgia. Qcells is expected to increase the number of employees in Georgia to more than 4,000 by the end of 2024.

Justin Lee, CEO of Qcells, stated, "We are seeking to more expand our low-carbon solar investments as we lead the industry towards totally American-made clean power services."

The new project

Qcells will certainly construct a new production facility located in Bartow County. The new center will certainly produce 3.3 gigawatts of solar ingots, wafers, cells, as well as ended up panels. Qcells expects to break ground at the Cartersville site in the first quarter of 2023.

As a result of the firm's fast development, Qcells stated it will also add a new facility adjacent to the company's existing plant at 300 Nexus Drive in Dalton. With its 3rd Whitfield County facility, it will include an additional 2 gigawatts of production capability.

The solar market has actually experienced an average annual growth rate of 33 percent for the last decade, according to the Solar Energy Industries Association (SEIA). Supply chain obstacles disrupted that development in 2022, with a 23 percent decline in installations compared to 2021. Today's announcement positions Qcells as the only company in the united state to develop such a fully-integrated, silicon-based solar supply chain from basic material to complete panel.

In Georgia, net electricity generation from renewable sources has actually boosted by greater than 93 percent given that 2009, and the state's power mix currently contains 13.6 percent renewable energy. Over 4 percent of the state's electrical energy now originates from solar energy.

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