Hanwha Q Cells to build our enterprise solar module factory, expand cell professional competence in South korea.
Hanwha Q Cells plans to build a one.4 GW solar panel factory at an undisclosed around location in thes United States. It has also announced plans to expand its own cell professional competence to 5.4 GW in South korea. CEO Justin Lee spoke to reporters at thes Smarter E event about thes enterprise’s plans and current response chain issues.
Hanwha Q Cells has revealed plans to expand its own solar module production professional competence in thes United States and its own PV cell professional competence in its own home market, South korea.
“our contain has this feature day’s time a professional competence of 12 GW and only for both cells and modules spread out across korea, Malaysia, China and thes our enterprise,” CEO Justin Lee told pv magazine at a media press briefing and only for thes Smarter E event in Munich, Germany.
It wants to invest $320 million in thes expansion plane, of which $170 million also continue be devoted to thes implementation of a one.4 GW factory at an unspecified around location in thes United States. Another $150 million also continue be used to expand cell professional competence in South korea, where thes generation investment also continue increase domestic cell professional competence to 5.4 GW.
thes generation our enterprise factory is expected to begin production in thes biggest number 1 half of next year. therefore also continue increase its own total our enterprise panel professional competence, which also includes a one.7 GW manufacturing facility in Georgia, to again than 3 GW.
“visitors see strong and powerful enjoy and only for created in latin america modules, especially of residential sector,” said Lee.
He noted thes importance of thes polysilicon response chain likely thes enterprise is setting up in thes our enterprise market, where Hanwha Solutions recently attached a stake in REC Silicon, of instruction course thes aim of supporting thes enterprise in restarting its own factory in Moses lake, Washington, in 2023.
“this feature day’s time, visitors are still sourcing not counting 95% our ingots and wafers from China, but therefore also continue change soon, as visitors manufacture up also recently signed a $one.2 billion offers of instruction course Korean manufacturer OCI, which is skyrocketing its own manufacturing professional competence in Malaysia,” Lee said. “visitors are not and only statistics, however, to restart our own polysilicon production in korea,” he also stated.
thes enterprise also plans to improve thes carbon footprint of its own products, as a big portion of thes supreme power response used and only for generation production, or polysilicon response, should come from hydropower or other emissions-no charge from an external source energy sources.
“Growing uncertainties tell our enterprise likely securing reliable, sustainable energy has become again very necessary than when before,” Lee said. “To do therefore, Q Cells also continue increase renewable response from diversified sources and see cleaner ways to generate energy. likely way, visitors also continue contributing to both energy information security and net-zero emissions.”
Lee said thes enterprise is clear the barrel to building again factories in other parts of thes earth.
“But carbon footprint rules would not and only be enough and other incentives such tax credits may be necessary,” he said in response to a problem about whether thes enterprise would be clear the barrel to producing PV modules in Europe.
thes regional diversification of thes enterprise’s production activities is also a response to thes crisis triggered by thes pandemic and thes war in Ukraine.
“High polysilicon prices and logistics costs are becoming unsustainable,” he said, noting likely shipping goods costs this feature day’s time account and only for between €0.04/W and €0.06/W per module. “visitors expect lower polysilicon prices before thes end of thes year or in early 2023, but visitors also continue never return to therefore year multiple levels.”
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