Hanwha to invest US$320 million in new solar cell, module manufacturing capacity expansions

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Workers at Q CELLS’ 1.7GW module assembly plant in Georgia. Image: Q CELLS.

Hanwha Solutions has unveiled plans to invest US$320 million in cell and module manufacturing capacity expansions in the US and Korea.

A total of US$170 million is to be spent on the construction of a 1.4GW module production facility in the US, strengthening the company’s position in the US module market.

Hanwha unit Qcells already operates a 1.7GW module factory in Georgia and the capacity addition, slated to come online in H1 2023, will mean Qcells is responsible for around one-third of the US’ total solar module production capacity.

In a press conference held yesterday and attended by PV Tech, Qcells president Justin Lee confirmed that the new facility will wholly produce residential PV modules, with the company aiming to cement its position in that particular market.

Meanwhile cell production capacity at Hanwha’s existing cell production facility in Korea will be expanded by a further 900MW through an investment of US$150 million.

Hanwha noted it was the first investment in Korean cell manufacturing in five years.

Hanwha is too aiming to address several areas of its supply chain, decarbonising PV panel manufacturing through the use of low-carbon polysilicon from providers including OCI, with which it agreed a 10-year polysilicon supply deal last month, and REC Silicon, of which Hanwha is now a major shareholder.

PV Tech will be publishing more insight surrounding Qcells’ manufacturing capacity expansions plans shortly.

14 June 2022
Join us in Napa to unlock the key to reliable PV module supply to the U.S. market in 2022 & 2023. We'll also be gathering the main players in the US solar market for some wine tasting!

Read Next

May 27, 2022
Solar O&M solutions provider Ecoppia is navigating ongoing component shortages while expending its operations into new geographies and ramping up production of its latest PV panel cleaning robot.
May 26, 2022
Leading solar manufacturers have implored governments to implement tax credits and other financial incentives to stimulate domestic PV manufacturing.
May 26, 2022
The Solar Media Podcast returns to discuss the continued rise of TOPCon PV modules and energy storage demand throughout Europe.
PV Tech Premium
May 25, 2022
Solar EPC Sterling and Wilson believes an easing of PV module supply concerns, the rise of alternate supply chains and a gigawatt-scale green hydrogen market will drive both short- and medium-term growth for PV developers and EPCs.
May 25, 2022
TotalEnergies has made its “largest investment in US renewables” to date, acquiring a stake in developer Clearway Energy.
May 24, 2022
Canadian Solar has unveiled a new PV manufacturing strategy, bringing more upstream capacity inhouse to reduce its exposure to pricing volatility.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 7, 2022
Leonardo Royal London City, London, UK
Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
June 22, 2022
Sheraton Austin Hotel at the Capitol, Austin, Texas