On May 11, Hanwha Solutions said it would invest $320 million to expand its production capacity in the U.S. and South Korea in response to growing global demand for solar energy.
The company plans to invest US$170 million to build a 1.4GW photovoltaic module factory in the United States. The factory is located in Dalton, Georgia with an existing 1.7GW capacity. After the expansion, the module capacity of this factory will reach more than 3GW. The new capacity is expected to be launched in 2023 at the earliest. put into production half a year.
According to Justin Lee, CEO of Hanwha Qcells, volatile energy markets and soaring fossil fuel prices are increasing demand for renewable energy, and increasing uncertainty tells us that ensuring reliable, sustainable energy is more important than ever time is more important.
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