U.S. Government Will Loan $1.45 Billion to Help Build a Solar Plant in Georgia

URLhttps://www.manufacturing.net/energy/news/22917146
Sourcemanufacturing.net
Date Published08/08/2024

Additional Reshoring Information:

Company/Division name Qcells
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):2000
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):2200
Country(ies) from which reshored:Korea, South
City reshored to:Cartersville
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredingots, wafers and solar cells
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives, Image/brand
Government Incentive dollar amount:$1.45 billion loan
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