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Researched by Industrial Info Resources (Sugar Land, Texas)--The Inflation Reduction Act (IRA), signed into law last summer and providing substantial incentives to increase the manufacture of solar panels in the U.S. among other things, seems to be doing its job in regard to domestic solar panel manufacturing. Last week, South Korea's Hanwha Q Cells (Seoul) announced that it would invest billions of dollars into two projects in Georgia: the establishment of a new manufacturing facility and the expansion of an existing one.
Georgia Senator Raphael Warnock (D) said to news media, "To be very clear, this announcement would not have been possible if it were not for the passage of the Inflation Reduction Act, which delivered tax incentives for American solar manufacturers at every stage of the production supply chain."
Q Cells opened its manufacturing facility in Dalton, Georgia, in 2019. The facility manufactures 1.4 gigawatts (GW) of solar panels each year. Last year, Q Cells kicked off construction on an expansion that includes 420,000 square feet of new production space and will allow for the production of an additional 1.7 GW of panels annually. The announcement of the Q Cells plant's further expansion, expected to kick off in the coming months and begin operations in 2024, will bring the facility's total manufacturing capacity to approximately 5.1 GW of panels per year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for the related reports.
But Q Cells' announcement also contains an even larger project: a grassroot manufacturing facility to be built about 45 miles northwest of Atlanta. Construction is expected to begin in the coming months, and upon completion, which is expected by the end of 2024, the facility will manufacture 3.3 GW of panels for the U.S. and global markets each year. Subscribers can click here for more details.
The IRA also has encouraged other panel manufacturers to expand their U.S. operations. After the passage of the act, First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona) announced that it would construct a new plant in the U.S. Southeast, finally settling on a location in northern Alabama. Construction is expected to kick off later this year. Upon completion, the facility will produce approximately 3.5 GW of panels per year. Subscribers can click here for the full report.
But Q Cells' parent company, Hanwha Group (Seoul), is going beyond solar panel manufacturing and is establishing solar farms and battery energy storage systems (BESS) in various U.S. locales. Among the most ambitious of these projects is subsidiary 174 Power Global Corporation's (Irvine, California) plans to establish a 1-GW solar farm and 1-GW BESS near La Paz, Arizona. Construction on the solar farm could begin later this year, taking about a year and half to complete. The facility would use approximately 2 million Hanwha Q Cells panels installed on a single-axis tracker system. Subscribers to Industrial Info's Power Project Database can click here for the report on the solar farm and here for the BESS report.
Other planned 174 Power Global projects include the Turkey Creek solar farm and BESS near Pueblo, Colorado, both with capacities of 200 megawatts. Plans call for the establishment of the solar farm first, which will use approximately 800,000 bi-facial solar modules, then the construction of the BESS after the solar farm is completed. Construction on the solar farm could kick off this summer for completion in late 2024, at which time construction on the BESS would commence. Subscribers can click here for the report on the solar farm and here for the BESS report.
Subscribers can click here for a look at all of the reports for projects mentioned in this article, and here for the 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).
Georgia Senator Raphael Warnock (D) said to news media, "To be very clear, this announcement would not have been possible if it were not for the passage of the Inflation Reduction Act, which delivered tax incentives for American solar manufacturers at every stage of the production supply chain."
Q Cells opened its manufacturing facility in Dalton, Georgia, in 2019. The facility manufactures 1.4 gigawatts (GW) of solar panels each year. Last year, Q Cells kicked off construction on an expansion that includes 420,000 square feet of new production space and will allow for the production of an additional 1.7 GW of panels annually. The announcement of the Q Cells plant's further expansion, expected to kick off in the coming months and begin operations in 2024, will bring the facility's total manufacturing capacity to approximately 5.1 GW of panels per year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for the related reports.
But Q Cells' announcement also contains an even larger project: a grassroot manufacturing facility to be built about 45 miles northwest of Atlanta. Construction is expected to begin in the coming months, and upon completion, which is expected by the end of 2024, the facility will manufacture 3.3 GW of panels for the U.S. and global markets each year. Subscribers can click here for more details.
The IRA also has encouraged other panel manufacturers to expand their U.S. operations. After the passage of the act, First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona) announced that it would construct a new plant in the U.S. Southeast, finally settling on a location in northern Alabama. Construction is expected to kick off later this year. Upon completion, the facility will produce approximately 3.5 GW of panels per year. Subscribers can click here for the full report.
But Q Cells' parent company, Hanwha Group (Seoul), is going beyond solar panel manufacturing and is establishing solar farms and battery energy storage systems (BESS) in various U.S. locales. Among the most ambitious of these projects is subsidiary 174 Power Global Corporation's (Irvine, California) plans to establish a 1-GW solar farm and 1-GW BESS near La Paz, Arizona. Construction on the solar farm could begin later this year, taking about a year and half to complete. The facility would use approximately 2 million Hanwha Q Cells panels installed on a single-axis tracker system. Subscribers to Industrial Info's Power Project Database can click here for the report on the solar farm and here for the BESS report.
Other planned 174 Power Global projects include the Turkey Creek solar farm and BESS near Pueblo, Colorado, both with capacities of 200 megawatts. Plans call for the establishment of the solar farm first, which will use approximately 800,000 bi-facial solar modules, then the construction of the BESS after the solar farm is completed. Construction on the solar farm could kick off this summer for completion in late 2024, at which time construction on the BESS would commence. Subscribers can click here for the report on the solar farm and here for the BESS report.
Subscribers can click here for a look at all of the reports for projects mentioned in this article, and here for the 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).
