The new funding, governed by the Inflation Reduction Act, is to be used to build a clean energy economy, create new manufacturing jobs and helping families save money on their energy bills.
Qcells will supply 2.5 million solar panels under an agreement with developer Summit Ridge Energy which will generate enough clean power for 140,000 homes and businesses, including in underserved communities.
The deal expands upon the master supply agreement between the two solar businesses that includes a 4 GW transaction announced in April 2022 and, more recently, a 700 MW commitment announced in October 2022.
The world’s fourth largest solar manufacturer joins a plethora of U.S. solar manufacturing announcements that have amounted to greater than 40 GW since the signing of the Inflation Reduction Act.
The racking and tracking specialist will have manufacturing facilities in eight states.
The Inflation Reduction Act of 2022 sets aside $369 billion to decarbonize the economy and respond to climate change. pv magazine USA’s Anne Fischer and Ryan Kennedy report on the boost the landmark legislation is expected to provide to solar and battery deployment and manufacturing.
Albemarle’s plans include the development of both the lithium concentrator and the mega-flex conversion facility, the proposed reopening of the Kings Mountain mine, and an active expansion of the Silver Peak facility.
The Solar Energy Industries Association (SEIA) released a roadmap for achieving the goal of a domestic supply chain.
This historic level of investment is key to achieving American manufacturing independence and clean energy security.
Concurrent with the two-year halt of solar tariffs on major Southeast Asian panels suppliers, the Biden Administration invoked the Defense Production Act and is using the full power of federal procurement capabilities to boost US-made solar.
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