Article written by Neil Ford, Neil Provides News, Analysis To A Number Of Energy, African Business Publications. He Also Writes Reports On Africa For The United Nations, The African Development Bank., via https://www.reuters.com on 11 May 2023
Boosted by the Inflation Reduction Act, U.S. solar developers are investing in new factories in a rush to secure domestic capacity.
The tax credits send a “much-needed long-term signal to the marketplace” and will make domestic solar products competitive with imports, the spokesperson said.
Ohio, Georgia and South Carolina are quickly becoming solar manufacturing hubs, SEIA said in March.
First Solar, the largest U.S. based solar manufacturer, is based in Ohio and is currently expanding its factory south of Cleveland towards a goal of 11 GW of U.S. production capacity by 2026.
By 2026, U.S. manufacturing capacity for polysilicon, wafers, cells, and modules could reach 30 GW, 26.3 GW, 13.13 GW and 51.7 GW respectively, based on known announcements, Wright said.