OCI Holdings is making a significant push into the U.S. solar manufacturing market by investing $265 million in a new solar cell and module facility in Georgia. This marks the company’s first solar production venture in the United States.
OCI Holdings’ First U.S. Solar Investment in Manufacturing
OCI Holdings, a prominent South Korean company, has announced its investment of $265 million in a solar cell and module manufacturing facility in Georgia. This represents the company’s inaugural entry into solar production within the United States. The announcement was made by Georgia Governor Brian Kemp, who underscored the creation of 350 new jobs as a result of this investment. OCI Holdings plans to break ground on the new facility in the first quarter of 2025.
The site for the new facility is located in Commerce, Georgia, in Jackson County. This location was selected with the assistance of the Georgia Department of Economic Development and their Global Commerce team, led by Commissioner Pat Wilson.
Expansion Plans for OCI Holdings’ U.S. Solar Investment
The facility’s construction is planned to occur in three phases, with the first phase anticipated to be completed by the end of 2025. Once operational, the facility will boast an annual production capacity of 1.5 GW of solar cells and 1 GW of solar modules. OCI Holdings is set to commence construction in the first quarter of 2025, aiming to complete the first phase by the end of that year.
The total planned investment for the project is $265 million. The facility will be established on a site purchased from Hyundai Motor Group Metaplant America. This initiative is part of OCI Holdings‘ broader strategy to expand its footprint in the solar energy market, particularly within the United States.
Georgia Facility Marks Major U.S. Solar Investment by OCI Holdings
The investment by OCI Holdings is projected to generate 350 new jobs in the region, offering positions in engineering, production, and administration. The first phase will focus on constructing manufacturing lines capable of producing 1.5 GW of solar cells and 1 GW of solar modules annually, with completion expected by the end of 2025. OCI Holdings, a South Korean chemical company, has a strong emphasis on solar energy. The company operates the world’s largest polysilicon manufacturing plant in Gunsan, South Korea. Polysilicon is a crucial raw material used in solar cell and module production, and OCI Holdings has been a major player in the global solar supply chain. The new facility in Georgia will manufacture solar cells and modules, essential components of solar power systems. Solar cells convert sunlight into electricity, while solar modules—also known as solar panels—consist of multiple solar cells working together to generate power.
Strengthening Domestic Industry Through U.S. Solar Investment by OCI Holdings
OCI Holdings’ investment in the new solar manufacturing facility signifies a major step toward bolstering the U.S. solar supply chain. By producing solar cells and modules domestically, the company aims to reduce the United States’ dependency on imported solar components. This move is also anticipated to support the burgeoning U.S. solar industry, which has been rapidly expanding in recent years.
OCI Holdings‘ $265 million investment in a new solar cell and module manufacturing facility in Georgia marks a pivotal move in its expansion into the U.S. solar market. The project, set to create 350 jobs, highlights the company’s commitment to strengthening domestic solar manufacturing and reducing reliance on imports. With construction slated to begin in early 2025 and the first phase expected to be operational by year’s end, OCI Holdings is poised to play a key role in supporting the growth of the U.S. solar industry and advancing the nation’s renewable energy goals. For more on how this investment shapes the future of renewable energy, visit OCI Holdings‘ $265 Million Solar Manufacturing Investment.