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Reuters: Silfab to set up solar cell factory in South Carolina
Canada's Silfab to set up solar cell factory in South CarolinaReuters
September 19, 20232:19 PM EDT
Sept 19 (Reuters) - Canada's Silfab Solar on Tuesday said it will invest $150 million in a new solar cell manufacturing plant in South Carolina, expanding its U.S. operations to the East Coast.
The announcement makes Silfab the latest solar equipment maker to commit to new U.S. production since passage last year of President Joe Biden's Inflation Reduction Act (IRA). The landmark law incentivizes domestic manufacturing of clean energy components with tax credits for both producers and buyers.
Silfab said the new facility in Fort Mill, South Carolina will create 800 jobs and begin operations in the third quarter of 2024.
It will be capable of producing 2 gigawatts (GW) of cells and 1.2 GW of modules annually, a company spokesperson said, representing a large expansion of its operations. Silfab currently has a total of 1.6 GW of manufacturing capacity at two U.S. factories in Washington state and one in Toronto.
…
September 19, 20232:19 PM EDT
Sept 19 (Reuters) - Canada's Silfab Solar on Tuesday said it will invest $150 million in a new solar cell manufacturing plant in South Carolina, expanding its U.S. operations to the East Coast.
The announcement makes Silfab the latest solar equipment maker to commit to new U.S. production since passage last year of President Joe Biden's Inflation Reduction Act (IRA). The landmark law incentivizes domestic manufacturing of clean energy components with tax credits for both producers and buyers.
Silfab said the new facility in Fort Mill, South Carolina will create 800 jobs and begin operations in the third quarter of 2024.
It will be capable of producing 2 gigawatts (GW) of cells and 1.2 GW of modules annually, a company spokesperson said, representing a large expansion of its operations. Silfab currently has a total of 1.6 GW of manufacturing capacity at two U.S. factories in Washington state and one in Toronto.
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