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Politics : Rat's Nest - Chronicles of Collapse

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From: Eric3/18/2023 11:00:33 AM
   of 23933
 
Hounen to build 1 GW solar module factory in US

China-based module manufacturer Huonen Solar said it wants to build a panel manufacturing facility in Orangeburg, South Carolina. The factory will produce modules for the US market.

March 17, 2023 Vincent Shaw

Markets
Modules & Upstream Manufacturing
China
United States


Image: Hounen Solar

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Zhejiang-based solar panel maker Hounen Solar says it will invest $33 million through its US subsidiary to acquire a factory building in Orangeburg, in the US state of South Carolina.

The governor’s office of South Carolina has confirmed Hounen’s plans. The company says the building will host 1 GW of solar module production lines.

“Our new solar panel production plant will enable us to produce monocrystalline silicon PV panels for the US market.” said Hounen CEO Jufang Ly. “We are grateful for the help and support of the South Carolina team and look forward to additional business opportunities in the state.”

Hounen Solar says the new factory will enable the creation of 200 new jobs. It is the third Chinese manufacturer to announce a new solar module factory in the United States since the introduction of the US Inflation Reduction Act (IRA).

Earlier this week, Longi Solar and US solar project developer Invenergy agreed to jointly construct a 5 GW solar panel factory in Pataskala, Ohio, via a newly founded company, Illuminate USA. A press release from Illuminate USA says the plan will cost $220 million. Invenergy said it has invested $600 million in the facility.

In January, Chinese panel maker JA Solar unveiled a plan to build a 2 GW PV panel factory in the US state of Arizona. The solar cell and module maker said in a statement that it has already leased land for the manufacturing facility at an unspecified location in Phoenix, Arizona. The factory is expected to start commercial operations in the fourth quarter of this year, it said, adding that it will lead to the creation of 600 new jobs.

pv-magazine.com

My comments:

My hunch is this move to the U.S. will soon become a tidalwave as a result of the IRA bill.

More Chinese manufactures of PV's will move here to take advantage of the IRA.
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