We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
NEW YORK DAWN™NEW YORK DAWN™NEW YORK DAWN™
Notification Show More
Font ResizerAa
  • Home
  • Trending
  • New York
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Art
  • Health
  • Sports
  • Entertainment
Reading: Korean Solar Company Plans to Build $2.5 Billion Plant in Georgia
Share
Font ResizerAa
NEW YORK DAWN™NEW YORK DAWN™
Search
  • Home
  • Trending
  • New York
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Art
  • Health
  • Sports
  • Entertainment
Follow US
NEW YORK DAWN™ > Blog > Technology > Korean Solar Company Plans to Build $2.5 Billion Plant in Georgia
Korean Solar Company Plans to Build .5 Billion Plant in Georgia
Technology

Korean Solar Company Plans to Build $2.5 Billion Plant in Georgia

Last updated: January 11, 2023 7:50 pm
Editorial Board Published January 11, 2023
Share
SHARE
11ssolar 01 hbmj facebookJumbo

Under the legislation, businesses receive a tax credit at every stage of the supply chain. The act includes an estimated $30 billion in production tax credits to accelerate manufacturing of solar panels, wind turbines, batteries and for the processing of critical minerals. The law also offers an investment tax credit to companies that build factories that produce electric vehicles, wind turbines and solar panels.


How Times reporters cover politics. We rely on our journalists to be independent observers. So while Times staff members may vote, they are not allowed to endorse or campaign for candidates or political causes. This includes participating in marches or rallies in support of a movement or giving money to, or raising money for, any political candidate or election cause.

Those and other provisions are intended to reduce reliance on China, which dominates the supply chain for crucial raw materials and components for batteries and solar panels. In addition to the fear that the United States was losing ground in important technologies, lawmakers have also been concerned that some Chinese producers are using forced labor.

“I wrote and passed into law legislation precisely intended to attract this type of manufacturing,” Mr. Ossoff said in an interview. “It’s the largest solar manufacturing in U.S. history coming to Georgia. This economic and geostrategic competition will continue, but my law has brought the United States back into the fight to secure our energy independence.”

Lawmakers and administrations from both parties have long sought to boost a domestic solar manufacturing industry, including by imposing tariffs and other restrictions on imported solar panels. But such efforts have, so far, achieved only modest results. Most of the solar panels installed in the United States are imported.

The new plant “will bring back our supply chains so we aren’t reliant on other countries, lower the cost of clean energy, and help us combat the climate crisis,” Mr. Biden said in a statement. “And, it will ensure that we manufacture cutting-edge, solar technology here at home.”

The Qcells project and others could reduce U.S. reliance on imports, but not quickly. China and other Asian countries have had a huge head start in assembling panels and producing the parts that go into them. Governments there have also used subsidies, energy policy, trade agreements and other tactics to help domestic producers.

While the Inflation Reduction Act has spurred new investment, it has also raised tensions between the Biden administration and U.S. allies like France and South Korea.

You Might Also Like

Acree opens up new enterprise-focused, customizable AI mannequin AFM-4.5B skilled on ‘clean, rigorously filtered data’

AI vs. AI: Prophet Safety raises $30M to interchange human analysts with autonomous defenders

Sparrow raises $35M Collection B to automate the worker go away administration nightmare

Positron believes it has discovered the key to tackle Nvidia in AI inference chips — right here’s the way it may benefit enterprises

Author launches a ‘super agent’ that truly will get sh*t completed, outperforms OpenAI on key benchmarks

TAGGED:Alternative and Renewable EnergyBiden, Joseph R JrElectric and Hybrid VehiclesemergingtechFactories and ManufacturingGeorgiaInflation Reduction Act of 2022International Trade and World MarketKemp, Brian PLaw and LegislationOssoff, JonSolar EnergySouth KoreaSupply ChainTax Credits, Deductions and ExemptionsThe Washington MailUnited States International RelationsUnited States Politics and Government
Share This Article
Facebook Twitter Email Print

Follow US

Find US on Social Medias
FacebookLike
TwitterFollow
YoutubeSubscribe
TelegramFollow
Popular News
The Magnificence Biohacking Developments That Will Change Your Magnificence Recreation
Lifestyle

The Magnificence Biohacking Developments That Will Change Your Magnificence Recreation

Editorial Board November 20, 2024
NYC Correction Commissioner Maginley-Liddie backs down on officer 12-hour tour plan
Radhi Devlukia Glows With Good Power—And She’s Sharing It With the World
Particular long run situation combos have main function in NHS ‘winter pressures’
Mass Trials in Cuba Deepen Its Harshest Crackdown in Decades

You Might Also Like

ChatGPT simply bought smarter: OpenAI’s Research Mode helps college students be taught step-by-step
Technology

ChatGPT simply bought smarter: OpenAI’s Research Mode helps college students be taught step-by-step

July 29, 2025
ChatGPT simply bought smarter: OpenAI’s Research Mode helps college students be taught step-by-step
Technology

Stack Overflow information reveals the hidden productiveness tax of ‘almost right’ AI code

July 29, 2025
ChatGPT simply bought smarter: OpenAI’s Research Mode helps college students be taught step-by-step
Technology

No extra hyperlinks, no extra scrolling—The browser is turning into an AI Agent

July 29, 2025
Chinese language startup Z.ai launches highly effective open supply GLM-4.5 mannequin household with PowerPoint creation
Technology

Chinese language startup Z.ai launches highly effective open supply GLM-4.5 mannequin household with PowerPoint creation

July 29, 2025

Categories

  • Health
  • Sports
  • Politics
  • Entertainment
  • Technology
  • World
  • Art

About US

New York Dawn is a proud and integral publication of the Enspirers News Group, embodying the values of journalistic integrity and excellence.
Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Term of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 New York Dawn. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?