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Photo voltaic merchandise maker Qcells, a subsidiary of Seoul-based Hanwha Options Corp (KRX:009830), at the moment mentioned its provider Hanwha Superior Supplies Georgia (HAGA) will make investments USD 147 million (EUR 135m) to construct a sophisticated supplies manufacturing facility in Georgia.
The brand new plant in Cartersville, Bartow County will provide encapsulant movie to the Qcells facility in the identical city. HAGA would be the solely producer of photo voltaic encapsulants within the US. It is going to create greater than 160 jobs and is anticipated to start out manufacturing in June 2024.
The funding follows the passage of the Inflation discount Act final yr. It is going to help Qcells’ plans to determine a completely built-in photo voltaic provide chain within the US.
In January 2023, Qcells introduced plans to take a position USD 2.5 billion within the development of an industrial advanced for the manufacturing of photo voltaic ingots, wafers, cells and modules in Bartow County and the growth of its photo voltaic panel facility in Dalton. The corporate goals to have 8.4 GW of photo voltaic panel manufacturing capability in Georgia by 2024.
“Georgia is leading the nation in attracting next generation jobs,” Georgia governor Brian Kemp mentioned in a press release. “Since we first welcomed Qcells to our state in 2018, we’ve announced more than 4,000 related jobs for hardworking Georgians,” he added.
(USD 1 = EUR 0.919)
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