U.S. Solar Manufacturing to Get $2.5 Billion Investment From South Korean Conglomerate

URLhttps://www.wsj.com/articles/south-korean-conglome
SourceWall Street Journal
Date Published01/11/2023
Author NamePhred Dvorak
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Qcells
Parent companyHanwha Group
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2022
Domestically, the work will be done:In-house
Capital investment ($):2500
Country(ies) from which reshored:Korea, Republic of
City reshored to:Atlanta
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsolar components
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Proximity to customers/market
Government Incentive dollar amount:U.S.’s clean-energy legislation
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