• Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcasts
ABOUT
Advertise in GAT
Contact us
Monday, May 29, 2023
Georgia Asian Times
International Insurance of Georgia
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcasts
  • Login
No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcasts
No Result
View All Result
Georgia Asian Times
No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcasts
Home Business

South Korea’s Hanwha Qcells to invest $2.5 bln in U.S. solar supply chain

The announcement by the solar division of conglomerate Hanwha Corp is one of the biggest corporate manufacturing commitments since the passage of U.S. President Joe Biden's Inflation Reduction Act (IRA), which includes over $300 billion in subsidies to tackle climate change. Some of those incentive

Georgia Asian Times by Georgia Asian Times
January 11, 2023
in Business
Share on FacebookShare on Twitter

Atlanta, Jan 11 , 2023 – South Korean solar energy company Qcells on Wednesday said it would invest $2.5 billion to expand its manufacturing capacity in the United States, creating as many as 2,500 jobs in Georgia.

The announcement by the solar division of conglomerate Hanwha Corp is one of the biggest corporate manufacturing commitments since the passage of U.S. President Joe Biden's Inflation Reduction Act (IRA), which includes over $300 billion in subsidies to tackle climate change.

Some of those incentives are aimed at boosting domestic manufacturing of clean energy products that are currently made primarily in China, such as solar cells and panels.

However, some U.S. companies are concerned that it will be difficult to find enough labor to support their expansion plans, and are offering higher wages, benefits, and free training programs.

AD: High Museum of Atlanta AD: High Museum of Atlanta

Qcells in a statement said it would expand its existing solar panel factory in Dalton, Georgia, and open a second facility in Cartersville. Production will begin there in 2024.

The new factory will make solar panel components including silicon ingots, wafers and cells, as well as the modules themselves. Currently, most solar panels assembled in the United States use components made in Asia.

Qcells said it will also expand its existing solar panel assembly operations in Dalton by 2 gigawatts a year to 5.1 GW as soon as this year.

The White House touted the announcement as evidence the IRA legislation was working.

“I think it's fair to say that this deal is President Biden's vision come to life,” John Podesta, a top White House climate adviser, said on a call with reporters. “A major global business chose America as the place to invest in to help build our clean energy future and create thousands of good paying middle class jobs in the process.”

Hanwha last year took a stake in Norway's REC Silicon, which plans to restart production of polysilicon, a key raw material in solar panels, at its Moses Lake, Washington, plant later this year. – Reuters

Tags: Hanwha QCellsolar energy
Previous Post

Michelle Yeoh wins Golden Globe for best comedy actress

Next Post

Flight disruptions cascade across US after computer outage

Georgia Asian Times

Georgia Asian Times

Related Posts

Hyundai to announce $7B US plant during Biden Asia visit
Business

Hyundai and LG announce $4.3 billion plant in Georgia to build batteries for electric vehicles

May 26, 2023
Business

US, Chinese trade officials express concern about each other’s restrictions

May 26, 2023
Business

Microsoft: State-sponsored Chinese hackers could be laying groundwork for disruption

May 25, 2023
South Korea’s Hanon Systems invest $40 million auto parts plant near new Hyundai complex in Georgia
Business

South Korea’s Hanon Systems invest $40 million auto parts plant near new Hyundai complex in Georgia

May 24, 2023
Florida sued over law blocking Chinese citizens, other foreigners from buying property
Business

Florida sued over law blocking Chinese citizens, other foreigners from buying property

May 23, 2023
Disney scraps plans for new $1 billion Florida campus amid fight with Gov. Ron DeSantis
Business

Disney scraps plans for new $1 billion Florida campus amid fight with Gov. Ron DeSantis

May 19, 2023
Next Post
New year brings more canceled flights for air travelers

Flight disruptions cascade across US after computer outage

Signup Free E-Newsletter

Upcoming Events

Jul 14
6:00 pm - 10:30 pm

GAT 25 Most Influential Asian Americans in Georgia 2023

View Calendar
Logo

 

CONTACT US

Follow Us

MOST INFLUENTIAL

2023 GAT 25 Most Influential Asian American Pacific Islanders in Georgia

2023 GAT 25 Most Influential Asian American Pacific Islanders in Georgia

April 30, 2023
GAT 25 Most Influential Asian Americans Gala celebrates Asian voice

GAT 25 Most Influential Asian Americans Gala celebrates Asian voice

July 18, 2022

Video highlights of GAT 25 Most Influential Asian Americans in Georgia

July 17, 2022

LINKS OF INTEREST

ATL Asian Film Festival

     

GAT AAPI SUMMIT 2023

  • Contact Us
  • Advertise in GAT
  • About
  • Privacy Policy
  • Terms of Use

© 2023 Georgia Asian Times - Empowered by 8SOL. Managed by Arckopolis.

No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • Events
  • Podcasts

© 2023 Georgia Asian Times - Empowered by 8SOL. Managed by Arckopolis.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Early Bird (May 19-31, 2023)

  • Honoree

    $225.00
    Select
  • Single Seat

    $225.00
    Select
  • Table of 8

    $1,800.00
    Select

Subscribe

Stay ahead of the curve with Georgia Asian Times’ exclusive newsletter. Get the hottest news stories and cultural insights delivered straight to your inbox. No subscription fees, just pure Asian excellence

 

    Loading
    Loading
    Loading
    Loading
    Loading
    Register for FREE to read the rest of this article, or log in to your account.

      Or Login Here :

      [loginfrm]

      Are you sure want to unlock this post?
      Unlock left : 0
      Are you sure want to cancel subscription?