WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded an announcement by Hanwha Q CELLS, a global leader in complete clean energy solutions, that it will invest more than $2.5 billion—the largest solar investment ever in the U.S.—to build a complete solar supply chain in the United States. The company’s commitment to the clean energy economy in America will create nearly 2,500 direct jobs in Georgia. The announcement marks the largest investment in the history of American solar and sets Q CELLS up as the only company in the U.S. to establish a fully-integrated, silicon-based solar supply chain from raw material to finished panel.
The announcement comes on the heels of President Joe Biden signing the Inflation Reduction Act into law last year, which included a CPA-backed provision that reduces U.S. reliance on China by providing refundable production tax credits for the domestic solar manufacturing supply chain, including modules, photovoltaic cells, and solar-grade polysilicon.
“Hanwha Q CELLS historic announcement is additional evidence that domestic production tax credits—which CPA has long called for—are a critical industrial policy tool to boost domestic manufacturing and reshore supply chains,” said Zach Mottl, Chairman of CPA. “Q CELLS $2.5 billion investment will create and support tens of thousands of high-quality jobs right here in America. As the new Congress begins their work, lawmakers on both sides of the aisle must recognize that tariffs, trade law enforcement, and exchange rate management are essential tools in the industrial strategy toolbox. We must deny China’s subsidized, dirty coal and forced labor solar goods the benefit of our consumer market. Without it, China can continue to undercut the benefits of the solar domestic production tax credit and jeopardize efforts to reshore manufacturing and supply chains in industries that are critical to U.S. economic and national security.”
