News Solartex
Advertisement
No Result
View All Result
No Result
View All Result
News Solartex
No Result
View All Result
Home Solar Contractors

DOE grants $1.45 billion loan for Qcells solar panel production facility

admin by admin
December 20, 2024
in Solar Contractors
0
DOE loan office backs Qcells with $1.45 billion for new solar panel factory
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Share

The U.S. Dept. of Energy has closed on its $1.45 billion loan to support Qcells’ solar supply chain manufacturing facility in Cartersville, Georgia. The Loan Programs Office (LPO) first announced the loan in August.

The LPO provides financing for high-impact, large-scale energy infrastructure projects in the United States. Qcells is the largest silicon solar panel producer in the Western Hemisphere and is currently constructing an all-inclusive solar panel production facility in Georgia. The site will produce silicon ingots, wafers, cells and completed panels.

Qcells has committed to investing $2.8 billion into the facility. Including its other panel manufacturing facilities in Dalton, Georgia, Qcells will reach 8.4 GW of annual panel production within the state.

“Since Qcells opened its doors in Dalton, Georgia in 2019, Qcells has invested billions of dollars in creating a full solar supply chain, resulting in thousands of American jobs, progress toward energy independence and lower energy costs,” said Qcells in a statement. “The Dept. of Energy’s backing highlights the importance of this critical industry, and the collective effort needed to ensure American manufacturers have a chance to compete on a global scale and see long-term success.”

In addition to boosting domestic solar manufacturing and innovation to accelerate the U.S. clean energy transition, Qcells’ investments will create an estimated 4,000 American jobs. Further stimulating the local economy, nearly 50% of the construction work has been awarded to local contractors. The finalized loan is offered through LPO’s Title 17 Clean Energy Financing Program, which includes financing opportunities for innovative energy and supply chain projects and projects that reinvest in existing energy infrastructure.

Source link

Previous Post

The Rise of Solar Energy in the Philippines

Next Post

Waaree begins trial runs on solar panel assembly line in Texas

admin

admin

Next Post
Waaree begins trial runs on solar panel assembly line in Texas

Waaree begins trial runs on solar panel assembly line in Texas

Stay Connected test

  • 23.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
AIKO vs. Trina Solar Panels

AIKO vs. Trina Solar Panels

May 15, 2024
Solar Battery Covers | Cover My Inverter

Solar Battery Covers | Cover My Inverter

October 1, 2023
ADT Solar to close 22 of 38 branches

ADT Solar to close 22 of 38 branches

November 2, 2023
The 5 Best Solar Panels For Your Home or Business

The 5 Best Solar Panels For Your Home or Business

September 29, 2023
The 5 Best Solar Panels For Your Home or Business

The 5 Best Solar Panels For Your Home or Business

0
The Truth About German Made Solar Panels – Don’t Fall For The Scam!

The Truth About German Made Solar Panels – Don’t Fall For The Scam!

0
Electric Element vs Heat Pump Calculator – MC Electrical

Electric Element vs Heat Pump Calculator – MC Electrical

0
AEE Solar opens new PV equipment distribution center in California

AEE Solar opens new PV equipment distribution center in California

0
The Solar Warranty Details That Could Cost You Big

The Solar Warranty Details That Could Cost You Big

October 13, 2025
Enphase Microinverters Product Review 2025

Enphase Microinverters Product Review 2025

October 13, 2025
Iraq inches toward solar-powered future

Trump administration cancels massive Nevada solar power project

October 13, 2025
Victoria’s New Commercial Solar Rebates Set the Stage for Big Business Savings

Victoria’s New Commercial Solar Rebates Set the Stage for Big Business Savings

October 12, 2025

Recent News

The Solar Warranty Details That Could Cost You Big

The Solar Warranty Details That Could Cost You Big

October 13, 2025
Enphase Microinverters Product Review 2025

Enphase Microinverters Product Review 2025

October 13, 2025
Iraq inches toward solar-powered future

Trump administration cancels massive Nevada solar power project

October 13, 2025
Victoria’s New Commercial Solar Rebates Set the Stage for Big Business Savings

Victoria’s New Commercial Solar Rebates Set the Stage for Big Business Savings

October 12, 2025
News Solartex

©2024 SOLARTEX USA LLC

Navigate Site

Follow Us

No Result
View All Result
  • Contact Us
  • Home 1
  • Home 2
  • Home 3
  • Home 4
  • Home 5
  • Home 6
  • Privacy Policy
  • Sample Page
  • Term of Use

©2024 SOLARTEX USA LLC