Hanwha Solutions is pushing to build a new, large-scale solar panel plant in the United States. The company wants to strengthen its position as No. 1 player in the US solar module market, which is expected to expand after the passage of the Inflation Reduction Act.
Hanwha Q CELLS, a subsidiary of Hanwha Solutions’ solar power business, is considering Georgia, South Carolina and Texas as candidate locations for a new plant, Bloomberg News reported on August 15. According to a plan by business that recently submitted to Texas to receive tax benefits, Hanwha Q CELLS plans to build a large plant in Dallas County, Texas, that will produce solar panels, ingots, wafers, and cells in one place .
PV Magazine, an American photovoltaic media outlet, expects the total new investment to reach at least US$1.8 billion. “The plant site or investment scale has not been fixed,” a Hanwha Solutions official said.
Hanwha Q CELLS plans to finalize site selection after visiting candidate sites in Texas, Georgia and South Carolina and negotiating with each local government. Currently, Hanwha Q CELLS operates a solar module plant with an annual production capacity of 1.7 GW in Georgia. It also operates solar power plants in Texas and California.