U.S.-based solar cell manufacturer ES Foundry has inaugurated a high-volume crystalline solar cell facility in Greenwood South Carolina reinforcing the country’s push for domestic solar production.
📌 Key Highlights:
- 🌞 Capacity Target: 3 GW shipment capacity by Q3 2025
- ⚡ Technology: Producing bifacial Passivated Emitter and Rear Contact (PERC) solar cells
- 🇺🇸 SEIA’s Renewable Energy Goal: Contributing to the 100 GW clean energy manufacturing target, including 50 GW of solar production by 2030
📈 Economic Impact & Growth Projections:
- 🌍 Solar industry’s economic activity in the Carolinas is projected to rise from $306.6 million (2024) to $1.4 billion (2035)
- 👷♂️ New Jobs: Estimated 3,315 permanent jobs generating $260.9 million annually in labor income
- 💰 State’s Economic Impact: Expected to reach $19 billion by 2035
🔹 Recent Developments in U.S. Solar Industry:
- U.S. expanded tariff-free solar cell import quota to 12.5 GW (from 5 GW) in August 2024
- Tariff on imported solar cells remains at 14.25%
- U.S. added 9.4 GW of new solar power capacity in Q2 2024
- Domestic solar module manufacturing capacity surged to 31.3 GW
This expansion marks a significant step in strengthening America’s solar supply chain, creating jobs, and supporting the transition to clean energy. ⚡🌱
#RenewableEnergy #SolarPower #CleanTech