Reports related to this article:
Project(s): View 4 related projects in PECWeb
Plant(s): View 4 related plants in PECWeb
Released September 06, 2022 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--In its latest Annual Photovoltaic Module Shipments Report, the U.S. Energy Information Administration (EIA) reports that U.S. shipments of solar modules rose to a record 28.8 million kilowatts in 2021. The shipments include imports, exports and domestically produced and shipped panels. According to the EIA, about 80% of the shipped panels were imports, primarily from Asia.
However, domestic solar panel production in the U.S. may be on the rise. The recently passed Inflation Reduction Act (IRA) includes new tax credits for U.S.-made solar products, which has prompted one of the nation's largest U.S. solar panel manufacturers, First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona), already to announce that it will spend $1.2 billion to expand manufacturing operations in the U.S., including a new plant in the southeastern U.S. First Solar said it will invest $1 billion in the new factory, which is planned to begin operations in 2025. The company plans to select a location for the plant later this year.
"We believe that with the IRA, we have a durable industrial policy foundation, one that we have long been advocating for, that's comprehensive in its foundation and will enable the solar industry as a whole," First Solar Chief Executive Officer Mark Widmar said on a call with news media last week.
First Solar already is investing an estimated $680 million at its manufacturing campus in Perrysburg, Ohio, by constructing a plant to manufacture 3.3 gigawatts (GW) of panels per year. Construction kicked off last summer and is expected to be completed in mid-2023. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for more details.
The tax credits from the IRA may provide a bit of domestic steadiness to an uncertain market. Earlier this year, the U.S. Commerce Department launched an investigation to understand if manufacturers from four Southeast Asia nations--Malaysia, Thailand, Cambodia and Vietnam--are circumventing tariffs placed on Chinese solar manufacturers by using Chinese components and then shipping the completed panels to the U.S., worrying solar developers that panel supplies might dry up after the investigation froze imports. However, to help maintain his climate goals, which include net-zero emissions from the Power Industry by 2035, President Joe Biden waived tariffs on panels from the four countries for a 24-month period. For additional information see May 18, 2022, article - Commerce Department Probe Shakes Up U.S. Solar Industry.
In addition to First Solar, other manufacturers have launched plans to expand their U.S. footprints. Industrial Info is tracking $3 billion in active solar panel manufacturing projects in the U.S. Subscribers can click here for related reports.
Among the U.S. panel manufacturing projects most recently added to Industrial Info's Project Database is one of the largest. Hanwha Group's (Seoul, South Korea) Project Redeemer includes plans for a large solar panel manufacturing complex that could end up in the Greater Dallas, Texas, area. The approximately 5.7 million-square-foot complex would consist of multiple buildings, including an ingot/wafer plant, module plant, central utility building and office space. According to The Dallas Morning News, Hanwha is aiming for the complex to be almost fully integrated, manufacturing panels from the ground up from shipped raw materials. Hanwha intends to finalize the location by the end of the year and kick off construction in 2023. Subscribers can click here for the report.
Other projects include Ubiquity Solar Incorporated's (Endicott, New York) plans to provide renovations and structural modifications to an 800,000-square-foot, four-story building at a former IBM-manufacturing site in Endicott to produce 350 megawatts (MW) of photovoltaic cells per year. Construction could kick off later this year, for completion in 2023. Subscribers can click here for more details.
According to the EIA, "U.S. solar panel shipments closely track domestic solar capacity additions," and the U.S. added 13.2 GW of utility-scale solar generation last year. California, Texas and Florida were the top three destinations for solar panel shipments. The panel shipments account not only for utility-scale and municipal solar generation, but also smaller installations, such as residential.
In Industrial Info's Power Project Database, Texas leads other states for the value of active solar power projects. Industrial Info is tracking more than 300 active solar power projects in the state, ranging in size from several hundred megawatts to 1-MW microgrid additions. Among the largest projects planned to kick off in the coming months is Renegade Renewables LLC's (New York, New York) Dawn photovoltaic solar plant in Hereford, Texas, which was previously delayed due to supply-chain issues. The facility will use more than 1.5 million panels on a single-axis tracking system for a peak generating capacity of 683 MW. Construction is set to be completed by the end of 2024. Subscribers to Industrial Info's Power Project Database can click here for the detailed report.
Subscribers can click here for a list of all projects mentioned in this article and click here for all related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
However, domestic solar panel production in the U.S. may be on the rise. The recently passed Inflation Reduction Act (IRA) includes new tax credits for U.S.-made solar products, which has prompted one of the nation's largest U.S. solar panel manufacturers, First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona), already to announce that it will spend $1.2 billion to expand manufacturing operations in the U.S., including a new plant in the southeastern U.S. First Solar said it will invest $1 billion in the new factory, which is planned to begin operations in 2025. The company plans to select a location for the plant later this year.
"We believe that with the IRA, we have a durable industrial policy foundation, one that we have long been advocating for, that's comprehensive in its foundation and will enable the solar industry as a whole," First Solar Chief Executive Officer Mark Widmar said on a call with news media last week.
First Solar already is investing an estimated $680 million at its manufacturing campus in Perrysburg, Ohio, by constructing a plant to manufacture 3.3 gigawatts (GW) of panels per year. Construction kicked off last summer and is expected to be completed in mid-2023. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for more details.
The tax credits from the IRA may provide a bit of domestic steadiness to an uncertain market. Earlier this year, the U.S. Commerce Department launched an investigation to understand if manufacturers from four Southeast Asia nations--Malaysia, Thailand, Cambodia and Vietnam--are circumventing tariffs placed on Chinese solar manufacturers by using Chinese components and then shipping the completed panels to the U.S., worrying solar developers that panel supplies might dry up after the investigation froze imports. However, to help maintain his climate goals, which include net-zero emissions from the Power Industry by 2035, President Joe Biden waived tariffs on panels from the four countries for a 24-month period. For additional information see May 18, 2022, article - Commerce Department Probe Shakes Up U.S. Solar Industry.
In addition to First Solar, other manufacturers have launched plans to expand their U.S. footprints. Industrial Info is tracking $3 billion in active solar panel manufacturing projects in the U.S. Subscribers can click here for related reports.
Among the U.S. panel manufacturing projects most recently added to Industrial Info's Project Database is one of the largest. Hanwha Group's (Seoul, South Korea) Project Redeemer includes plans for a large solar panel manufacturing complex that could end up in the Greater Dallas, Texas, area. The approximately 5.7 million-square-foot complex would consist of multiple buildings, including an ingot/wafer plant, module plant, central utility building and office space. According to The Dallas Morning News, Hanwha is aiming for the complex to be almost fully integrated, manufacturing panels from the ground up from shipped raw materials. Hanwha intends to finalize the location by the end of the year and kick off construction in 2023. Subscribers can click here for the report.
Other projects include Ubiquity Solar Incorporated's (Endicott, New York) plans to provide renovations and structural modifications to an 800,000-square-foot, four-story building at a former IBM-manufacturing site in Endicott to produce 350 megawatts (MW) of photovoltaic cells per year. Construction could kick off later this year, for completion in 2023. Subscribers can click here for more details.
According to the EIA, "U.S. solar panel shipments closely track domestic solar capacity additions," and the U.S. added 13.2 GW of utility-scale solar generation last year. California, Texas and Florida were the top three destinations for solar panel shipments. The panel shipments account not only for utility-scale and municipal solar generation, but also smaller installations, such as residential.
In Industrial Info's Power Project Database, Texas leads other states for the value of active solar power projects. Industrial Info is tracking more than 300 active solar power projects in the state, ranging in size from several hundred megawatts to 1-MW microgrid additions. Among the largest projects planned to kick off in the coming months is Renegade Renewables LLC's (New York, New York) Dawn photovoltaic solar plant in Hereford, Texas, which was previously delayed due to supply-chain issues. The facility will use more than 1.5 million panels on a single-axis tracking system for a peak generating capacity of 683 MW. Construction is set to be completed by the end of 2024. Subscribers to Industrial Info's Power Project Database can click here for the detailed report.
Subscribers can click here for a list of all projects mentioned in this article and click here for all related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
