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

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 Hanwha Q Cells USA, Inc.
Parent companyHanwha Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Capital investment ($):2500
Country(ies) from which reshored:Korea, Republic of
City reshored to:Atlanta area
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsolar manufacturing
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Higher productivity, Infrastructure, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, clean energy bill
Government Incentive dollar amount:561
Find Reshoring Articles