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Construction of the solar cell plant is expected to begin in mid-year 2025 with commercial production beginning in the second half of 2026.

The deal follows the start of production at ES Foundry’s 3GW nameplate capacity manufacturing plant in January.

“The required investment and technical know-how [for establishing cell capacity] is significantly more complex and substantial [than modules]”, Colville said.

Meyer Burger will scrap its proposed 2GW solar cell manufacturing plant in Colorado, claiming that the project is not 'financially viable'.

Global module capacities are on track to reach 866GW by the end of 2023, more than doubling the existing capacity at the end of 2022.

Indian module manufacturer Vikram Solar has formed a joint venture (JV) with private equity firm Phalanx Impact Partners, and venture capital company Das & Co. to develop a vertically integrated solar manufacturing operation in the US.

Canadian Solar will build its first production facility in the US, with the capacity to produce 5GW of solar modules a year.

US solar manufacturer CubicPV has received US$103 million in equity financing to support its plans to develop a US silicon wafer production base.

A newly-created, equipment-supplier-led PV consortium could be vital for the future of domestic US solar manufacturing.

Enel North America has confirmed Inola, Oklahoma as the location for its 3GW heterojunction technology (HJT) solar cell and module factory.