Qcells’ Supplier Expands Supply Chain Investment in Georgia

Hanwha Advanced Materials Georgia Will Build a New Solar Encapsulant Manufacturing Facility

ATLANTA – March 22, 2023 – Today, Qcells announced that its solar supplier, Hanwha Advanced Materials Georgia (known as HAGA) will build a new advanced materials manufacturing facility in Bartow County, Georgia. HAGA will supply Qcells with Encapsulant film, materials used to encapsulate solar cells and ensure long-term panel durability. This $147 million investment is expected to create more than 160 new jobs and is critical to supporting Qcells’ plans to develop a fully integrated solar supply chain in America. HAGA will be the only company in the United States manufacturing solar EVA.

“The products we make are an important piece of the clean energy supply chain puzzle, and we are excited to meet this need,” said Inhwan Kim, CEO of Hanwha Advanced Materials. “Building our cutting-edge, advanced materials in Georgia will not only create new careers in solar but help bring more affordable, reliable clean energy to customers across the country.

“Qcells is doubling down on building a complete, domestic solar supply chain and this recent investment is critical to making that happen,” said Justin Lee, CEO of Qcells. “Working with Hanwha Advanced Materials, our customers will soon be able to confidently know that the solar they buy from us was made right here in America.”

“Georgia is leading the nation in attracting next generation jobs,” said Governor Brian Kemp. “Since we first welcomed Qcells to our state in 2018, we’ve announced more than 4,000 related jobs for hardworking Georgians. We’re proud that Hanwha Advanced Materials is adding to that growing number as it becomes a valued member of the Bartow County community.”

“My solar manufacturing law continues to deliver jobs, investment, and wealth for Georgians. I’m grateful to everyone who made this possible — a continuation of the largest clean energy manufacturing investment in American history,” Senator Jon Ossoff said.

“I’m thrilled that Georgians are once again reaping the economic benefits of the Inflation Reduction Act that has helped pave the way for advanced manufacturing companies like QCells to invest and expand in our state,” said U.S. Senator Reverend Warnock. “I look forward to continuing to partner with QCells as our state becomes the premier destination for these 21^st century jobs.”

“Hanwha Advanced Materials provides key components for the solar supply chain in Georgia, supporting our state’s commitment to making energy solutions more affordable to businesses and consumers,” said GDEcD Commissioner Pat Wilson. “Over the past five years, clean-tech jobs have been one of the fastest growing manufacturing sectors in Georgia. We are excited that Hanwha Advanced Materials will add another crucial part of the solar supply chain to Georgia’s already robust ecosystem.”

“Our community is thrilled to be adding another Hanwha affiliate to our growing family of industries. Their investment in bringing quality jobs to our community is greatly appreciated,” said Mayor of Cartersville Matt Santini. “Our mix of industries in Cartersville and Bartow County is further diversified by adding them to our local mix, and one of our goals from the beginning was to recruit world-class companies to our area. This helps accomplish this goal. It is also important to note that this is another clean energy company coming to our community, illustrating the growth and importance of that market.”

This announcement comes only two months after Qcells revealed its plans to invest an historic $2.5 billion into building ingot, wafers, and cells as well as expand is solar panel manufacturing in Georgia. Qcells also recently announced plans to buy polysilicon from REC Silicon, which is using clean energy to power its facility in Moses Lake, Washington. Soon, Qcells products, from polysilicon to panel, will be sustainably made in America.

This investment comes after years of partnership with leaders in Georgia and following the passage of the Solar Energy Manufacturing for America Act (SEMA) within the Inflation Reduction Act. The demand for American-made solar panels is increasing rapidly driven by the efforts to ensure energy independence, lower energy costs, and create new careers in energy. Qcells’ domestic manufacturing expansion will fulfill the growing need for these clean energy solutions and strengthen Georgia’s position as a global leader in solar.

HAGA will hire more than 160 full time jobs such as engineers, line operators before starting production in June 2024. Interested individuals can learn more about working at HAGA by visiting www.hwam.co.kr

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About Hanwha Advanced Materials

Hanwha Advanced Materials Company is a global leader in irreplaceable, high-performance, lightweight composite materials market and provides products and solutions of the highest quality that are essential for our customers in the field of lightweight composite materials and solar materials from 1960’s. For detailed information, visit: www.hwam.co.kr

About Qcells

Qcells is one of the world’s leading clean energy companies, recognized for its established reputation as a manufacturer of high-performance, high-quality solar cells and modules, portfolio of intelligent storage systems, and growing international pipeline of large-scale renewable energy projects. Qcells also provides renewable electricity retail services and packages to end customers the world over. The company is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ) with its diverse international manufacturing facilities in the U.S., Malaysia, China, and South Korea. Qcells strives to offer Completely Clean Energy through the full spectrum of photovoltaic products, storage solutions, renewable electricity contracting and large-scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East, Qcells provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental and residential markets. For more information, visit: www.qcells.com/us.

Safe-Harbor Statement

This press release contains forward-looking statements. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and Q CELLS’ operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Except as required by law, Q CELLS does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact

Qcells North America
E-mail: us-media@qcells.com