South Korea-based Hanwha Solutions plans to set up a factory for making PV materials, mainly EVA (ethylene-vinyl acetate) film and back sheets, in Georgia, the US, industry sources were cited by Korean news outlets as indicating.
EVA film is used to protect glass sheet and back planes of solar cells on the surface of a PV module, while back sheets are used to protect and support solar cells on the back side of a module.
With investment preliminarily estimated at KRW100 billion (US$80.97 million), Hanwha plans to begin construction of the US factory in April 2022, ET News and Chosun Biz reported.
The establishment of the factory is meant to supply PV materials for Hanwha Q Cells, Hanwha Solutions' subsidiary, which has set up a PV module factory with annual production capacity of 1.7GWp in Georgia, the reports said.
According to Wood Mackenzie, Hanwha Q Cells in 2021 recorded a market share of 24.1% for PV modules used in residential rooftop PV systems and 20.6% for those used in non-residential rooftop PV systems and ground-mounted PV power-generating stations in the US.
As the US is likely to pass the Solar Energy Manufacturing for America Act in first-half 2022, Hanwha Q Cells is considering more than doubling its PV module production capacity at the Georgia factory by 2025, the reports said.