Also on the rise: Mexico could reach its goal of 35% clean electricity by 2024. Trina Solar’s new 6.5 GW Vietnam wafer plant to exclusively supply U.S. market. And more.
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 company plans to manufacture 3.3 GW of solar ingots, wafers, cells, and finished modules in new Georgia facility, creating 2,500 clean energy jobs.
The U.S. solar landscape shifted in 2022 with the passage of the Inflation Reduction Act. One result is that manufacturers are clamoring to set up shop to fill in the gaps in the domestic supply chain.
The company plans to add 300 MW of production capacity immediately and targets 1 GW of annual production expansion by 2024.
A Credit Suisse report suggests that from 2025 through 2032, the United States could see solar and wind PPAs regularly signed for under 1¢/kWh, due to a combination of manufacturing and project tax credits.
Also on the rise: Nearly one in ten K-12 schools in the U.S. have adopted solar energy. Start-up plans solar manufacturing in disadvantaged communities. And more.
PV Hardware expects the plant to be operational in 2023. This is the latest in a wave of solar supply chain onshoring in the wake of the Inflation Reduction Act.
CEA has suggested that solar wafer pricing will fall 23% by the end of 2023, while Bloomberg NEF sees 500 GW of manufacturing capacity online by the end of next year.
New 3.5 GWDC manufacturing facility planned in the U.S. Southeast; Ohio plant expands and gets a $185 million upgrade.
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