Hanwha Solutions announced plans to invest US$320 million in expanding cell and module manufacturing capacity in the United States and Korea.
A total of US$170 million is to be spent on the construction of a 1.4 GW module production facility in the United States, thereby strengthening the company’s position in the US module market.
The Hanwha Qcells unit already operates a 1.7 GW module factory in Georgia and the capacity addition, which is expected to come online in the first half of 2023, will mean Qcells is responsible for around a third of the total capacity production of solar modules in the United States.
At a press conference held yesterday and attended by PV technologyQcells President Justin Lee has confirmed that the new facility will produce entirely residential photovoltaic modules, with the company aiming to solidify its position in this particular market.
Meanwhile, cell production capacity at Hanwha’s existing cell production facility in Korea will be expanded by an additional 900MW through an investment of US$150 million.
Hanwha noted that it was the first investment in Korean cell manufacturing in five years.
Hanwha also aims to address several areas of its supply chain, decarbonizing the manufacture of photovoltaic panels through the use of low-carbon polysilicon from suppliers such as OCI, with whom it has a supply agreement in 10-year-old polysilicon last month, and REC Silicon, of which Hanwha is now a major shareholder.
PV Tech will release more information about Qcells manufacturing capacity expansion plans soon.