SEOUL, May 08 (AJU PRESS) – Hanwha Q Cells, the solar energy unit of Hanwha Group in Korea. has begun operation of its second photo voltaic module manufacturing facility within the United States.
The firm mentioned Tuesday that it accomplished building of a brand new plant in Cartersville, Georgia, final month, which is able to produce 3.3 gigawatts of photo voltaic modules yearly.
With its plant in Dalton, Georgia, Hanwha now has a complete annual capability of 8.4 gigawatts within the US, which is sufficient to energy about 1.3 million houses for a 12 months.
In addition to the modules, Hanwha goals to start business manufacturing of ingots, wafers and cells on the Cartersville plant in 2025, making it the one firm in Korea that manufactures all the important thing parts required. for photo voltaic power manufacturing in North America.
This new manufacturing facility is anticipated to extend the tax credit that the corporate receives from the US authorities underneath the Inflation Reduction Act (IRA).
Hanwha expects extra tax credit of $140 million if it produces two gigawatt modules at its Cartersville manufacturing facility this 12 months. The advantages are anticipated to achieve 1 trillion received ($732.6 million) beginning in 2025 when it produces ingots, wafers, cells, and modules within the US
“We will strengthen our main place in main strategic markets, together with the US by rising manufacturing capability and increasing our renewable power enterprise space,” mentioned Hanwha Q Cells CEO Lee Koo- that.
