Hanwha Qcells commenced construction on a $2.5 billion solar manufacturing complex in Georgia, establishing the largest integrated solar supply chain in the Western Hemisphere.
Hanwha's US investment shows how Korean companies are leveraging the IRA to build Western solar supply chains, reducing dependence on Chinese manufacturing.
$2.5B investment in fully integrated solar supply chain in the US
8.4 GW annual module production capacity
2,500 jobs created, largest solar factory in Western Hemisphere
This move by a major South Korean conglomerate signals a broader trend among APAC firms to de-risk supply chains and capitalize on Western incentives like the IRA. It puts pressure on Chinese solar giants, potentially limiting their US market access and forcing strategic adjustments. Other APAC economies, particularly those with strong manufacturing bases like Vietnam or Malaysia, may explore similar domestic content policies or seek new trade agreements to attract investment and maintain competitiveness in the evolving global renewable energy landscape.
8.4 GW annual module production capacity
2,500 jobs created, largest solar factory in Western Hemisphere
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