Hanwha Solutions, the Korean company that owns completely clean energy solutions provider Qcells, has announced a $320 million investment plan for solar manufacturing expansion in the United States and South Korea with the aim of providing secure, cleaner energy amid mounting calls for energy security and net-zero emissions.
Hanwha said it will seek to spend $170 million building a 1.4-gigawatt solar module production facility in the United States. Qcells already operates a 1.7-gigawatt module factory in Dalton, Ga. With the newly built factory expected to come online as early as first half 2023, Qcells’ total production capacity in the United States will exceed 3 gigawatts — equivalent to one-third of current U.S. solar module production capacity.
The company also announced its plan to expand cell production capacity in South Korea. By investing $150 million, the company will expand its cell factory there. When the factory expansions are complete next year, overal