Monday, July 22, 2024

NorSun plans $620 million US wafer fab in Oklahoma – pv journal Worldwide

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The Norwegian PV producer praised the south central US state for its “robust clear power, manufacturing ecosystem and workforce growth packages” in addition to its “aggressive enterprise choices and choices to hurry up the location.”

Norwegian photo voltaic firm NorSun has invested $620 million in its first US-based manufacturing facility in Tulsa, Oklahoma.

The preliminary funding will see the development of a 5 GW silicon ingot and photo voltaic wafer manufacturing facility.

NorSun Project
Planned NorSun Project in Tulsa, Oklahoma

Violet PR/NorSun

The mission, sponsored by the Oklahoma Department of Commerce and the Tulsa Airports Improvement Trust, will create 320 new direct jobs and supply much-needed home ingot and wafer manufacturing capability to satisfy rising demand from US photo voltaic cells. and panel producers, supporting the expansion of the home PV sector.

“Our marketing strategy has an formidable timeline, so we knew we would have liked a companion who may work rapidly and effectively to satisfy the crucial want for American-made power,” mentioned the CEO. of NorSun Erik Løkke-Øwre. “Oklahoma impressed us even earlier than our choice journey – its robust clear power, manufacturing ecosystem and workforce growth packages have been already on our radar, and its aggressive enterprise and web site acceleration choices reinforce our resolution.”

NorSun has recognized a greenfield shovel-ready web site of roughly 60 hectares. Construction is anticipated to start in late 2024, topic to approvals, required permits and ultimate incentive agreements.

“I’m proud to welcome NorSun to Oklahoma, and I’m thrilled that Oklahomans will profit from a whole bunch of recent jobs within the Tulsa space and a $620 million capital funding,” mentioned Governor Kevin Stitt. “Our pro-growth insurance policies, workforce growth efforts, and ‘greater than anything’ strategy to power make us an unbelievable state to spend money on, and I’m excited for NorSun to be part of it. “

Production is anticipated to return on-line in 2026, making the Oklahoma facility one of many first within the U.S. to supply high-performing silicon ingots and wafers, at present the largest bottleneck to reaching full home photo voltaic. provide chain, NorSun mentioned. The Tulsa web site affords a chance to additional increase manufacturing as much as 10 GW because the US continues to prioritize home power manufacturing, the corporate added.

“Every 12 months, Oklahoma makes nice strides within the clear power house, with constant funding from main corporations which can be reworking the sector,” mentioned Tina Lindsay, interim director of enterprise growth for Oklahoma Department of Commerce. “This is a testomony to our pro-business insurance policies, robust workforce, web site readiness, in addition to our entry to main markets. We are happy to convey NorSun on board as we search to scale the US photo voltaic manufacturing capability.”

NorSun final 12 months obtained a $60 million grant from the European Union Innovation Fund along with elevating $8.5 million from fairness traders.

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