DYCM Power to build 6GW cell and module facility in south-east US

Facebook
Twitter
LinkedIn
Reddit
Email
A DYCM Power project.
DYCM Power is a joint venture, formed by investor APC Holdings and real estate company Das & Co. Omage: DYCM Power.

US company DYCM Power has announced plans to build a 6GW solar cell and module manufacturing facility in the US, which is planned to start commercial operation in the first half of 2026.

DYCM Power is a joint venture, formed by investor APC Holdings and real estate company Das & Co., which is looking to take advantage of the opportunities available for US renewable power manufacturing in the wake of the passage of the Inflation Reduction Act (IRA). DYCM Power plans to invest US$800 million into the facility, which it will develop in partnership with Macquarie Capital, and expects the factory to begin operation with an annual production capacity of 2GW, before scaling up to its full operating capacity.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“The IRA created a unique opportunity for the US to re-establish itself as a leader in solar manufacturing,” said Sriram Das, co-founder and executive chairman of DYCM Power. “With the support of Macquarie Capital and our world class partners, we are taking a significant step towards solar technology self-sufficiency and strengthening America’s energy security, while also setting a new standard for quality and sustainability in solar manufacturing.”

The company is currently “finalising” its site selection process, but noted that it would be somewhere in the the south-east of the US.

It has already signed a supply agreement with a “leading US-based polysilicon provider” and signed a memorandum of understanding with a North American glass manufacturer, but has not yet provided further details on those deals. Other collaborators include Mortenson, an engineering, procurement and construction (EPC) company that will manage the construction of the facility; and ECM Greentech Engineering, which will work on the manufacture of silicon cells and the assembly of solar modules.

The news follows growing interest in the US manufacturing space, with figures from the Solar Energy Industries Association (SEIA) and Wood Mackenzie suggesting that the country’s solar manufacturing capacity has nearly quadrupled in the two years since the passage of the IRA. While there have been disruptions to some manufacturing facilities—most notably Meyer Burger’s scrapping of a proposed manufacturing plant in Colorado—the IRA has, for the most part, been effective in encouraging investment in domestic manufacturing.

On a global scale, however, there is cause for pessimism, with Solar Media head of research Finlay Colville writing for PV Tech this week that the global PV manufacturing downturn endured this year may persist until 2026.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

July 3, 2025
US tracker manufacturer GameChange Solar has introduced the Genius Tracker TF, a new terrain-following solar tracker system designed to deliver “the industry’s lowest grading requirement on challenging terrain.” 
July 1, 2025
Independent power producer (IPP) Arevon Energy has closed a US$600 million credit facility to support its solar PV and energy storage portfolio in the US.
June 30, 2025
Heliene has completed the sale of Section 45X Advanced Manufacturing Production Tax Credits in association with Minnesota-based U.S. Bank.
June 30, 2025
Voting on the US tax reconciliation bill is expected to begin in the Senate today, following a draft published on Friday that hit clean energy tax credits hard.
June 30, 2025
US clean energy developer Clearway Energy Group has received corporate credit facilities over US$1 billion.
June 26, 2025
A round-up of news from the US solar sector this week, including Akuo, Meta and RWE.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK