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Solar company gets millions in US tax credits despite Chinese labor questions

Business Mirror LogoBusiness Mirror1d ago

Solar company gets millions in US tax credits despite Chinese labor questions - Business Mirror

Quick Summary:

A solar panel maker in Georgia that has booked $230 million in federal tax credits stands to collect hundreds of millions more as it pursues plans to create the first end-to-end solar manufacturing chain in the US, easing reliance on China and related concerns about the use of forced labor.

Solar company gets millions in US tax credits despite Chinese labor questions Hanwha’s QCells solar panel manufacturing plant in Dalton, Georgia.

The White House has trumpeted these goals.“It 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,” Biden said in a January 2023 statement when the company announced its plans for expansion and additional investment.“And it will ensure that we manufacture cutting-edge solar technology here at home.” Vice President Kamala Harris visited the Dalton plant in conjunction with the announcement.


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Article Details

Author / Journalist: Sheridan Prasso

Category: BusinessStartups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 10:29:56 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 2191 words

Reading Time: 13 minutes read

Sentences: 66 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21627167

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 79 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 10 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #37

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