The Loan Programmes Office (LPO) is a financing partner for high-impact, large-scale energy infrastructure in the US. Credit: Marco Prosch/Contributor.

The US Department of Energy’s (DOE) LPO has granted conditional support for a loan of up to $1.45bn to support Qcells’ first-of-its-kind solar supply chain manufacturing facility in Georgia.  

Once the deal is finalised, the LPO will support Qcells, the largest silicon-based solar panel manufacturer in the west, in the construction of its facility in Cartersville.  

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The site will manufacture at a multi-gigawatt scale essential technologies in the solar supply chain such as ingots, wafers, cells and finished panels. 

Qcells said in a press release: “By the end of this year, Qcells will produce the full solar supply chain, from ingot to finished panel, all under one roof in Georgia. We have made such ambitious investments because we believe onshoring solar manufacturing is key to building a sustainable, secure and independent energy future in the US.  

“The ongoing support for our investments, stemming from the Inflation Reduction Act and the efforts of local to federal officials, affirms the importance of this critical industry and the need for a whole of government approach to see domestic solar manufacturing succeed long term.” 

See Also:

The DOE’s announcement comes after Qcells released data highlighting the economic benefits that its previous investment in solar manufacturing provided to Georgia. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Between Qcells’ factories in Dalton and Cartersville, the company’s annual solar production capacity is expected to reach 8.4GW by the end of 2024, able to power 1.3m homes.  

Qcells has invested more than $2.5m to boost domestic solar manufacturing and innovation to support the country’s energy transition.   

The LPO is a financing partner for high-impact, large-scale energy infrastructure in the US. 

Qcells is one of the world’s leading clean energy companies, recognised for its established reputation as a manufacturer of high-performance, high-quality solar cells and modules.