TGC signs agreement with Qcells to install 450 MW solar projects in US

By Editor


True Green Capital Management (TGC) has signed an agreement with Qcells, a leader in clean energy solutions, to install up to 450 MW across commercial, community and industrial solar and grid projects throughout the U.S.

This project will be led through Qcells Enable, the solar Engineering, Procurement and Construction (EPC) provider and a subsidiary of Qcells.

TGC is committed to increasing investment in U.S solar electricity projects. This partnership will enhance TGC’s ability to invest in U.S solar electricity projects and will directly support residential, commercial, and industrial customers’ access to low cost, clean renewable energy.

The solar modules will be supplied by Qcells’ solar supply chain factory in Cartersville, Georgia. This is a part of the Qcells $2.5 billion U.S. investment announced in 2023 that will manufacture 3.3 gigawatts (GW) of solar ingots, wafers, cells, and finished panels, respectively.

These modules will utilize PV cells manufactured with polysilicon from REC Silicon, located in Moses Lake, WA. Hanwha Solutions, the holding company for Qcells, is the largest shareholder of REC Silicon as of April 2022.

“We’re strengthening our collaboration with Qcells by expanding our partnership to include turn-key EPC services. This expansion grants us early access to the first fully integrated and transparent silicon-based solar supply chain from raw material to finished panel in the USA,” Panos Ninios, Managing Partner at TGC, said.

“The partnership also recognizes the benefits of thinking strategically about our U.S. supply chain and the complete solar project lifecycle,” said IP Kim, President of Qcells USA.

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