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Solar Panel Factory

All articles tagged with #solar panel factory

energy2 years ago•3 min saved

US Solar Panel Plant Opens Amid Concerns Over Asian Imports

South Korean company Qcells has opened a major solar panel factory in Georgia, capable of producing 5.1 gigawatts of power annually. The factory is the first solar module factory in the US to begin production since President Joe Biden's climate legislation was passed. However, concerns have been raised about the influx of cheap solar panels from Asia, which could hinder efforts to boost domestic solar manufacturing. Qcells is investing $2.3 billion in a complex to refine polysilicon and manufacture solar cells in the US. The company is optimistic that federal incentives and policies promoting American-made products and low-carbon emissions will support its growth.

via ABC News|

#asian-imports #energy #federal-incentives

business2 years ago•3 min saved

"Tesla's Buffalo Solar Panel Factory: Failed Promises and Wasted Investments"

Nearly half of the employees at Tesla's Buffalo solar panel factory in New York are analyzing Autopilot and Full Self-Driving data, instead of working on solar panel production. The factory, which was initially expected to create 3,000 jobs and produce enough solar-panel shingles for 1,000 houses per week, has fallen short of expectations. The state of New York invested nearly $1 billion in the facility, but the output has been significantly lower than anticipated. Tesla currently employs 1,700 workers at the site to avoid penalties from the state. Critics argue that the project has been a costly economic development failure.

via Jalopnik|

#autopilot-data #buffalo #business

business2 years ago•1 min saved

"New York's $1 Billion Solar Factory for Elon Musk: A Costly Disappointment"

New York state spent $950 million on a solar-panel factory in Buffalo for Elon Musk's Tesla, with the promise of creating high-tech jobs, but the project has not delivered. The factory is producing far fewer solar panels than anticipated, and instead houses data analysts working on Tesla's self-driving technology. The expected suppliers never materialized, and the state has sold the equipment at a discount. An audit found minimal economic benefit for the subsidies provided, and the investment has been largely written off.

via MarketWatch|

#business #economic-impact #elon-musk

business2 years ago•0 min saved

"New York State's $1 Billion Factory for Elon Musk: A Costly Mistake"

New York State has spent nearly $1 billion over the past decade on Elon Musk's plan to build the largest solar-panel factory in the Western Hemisphere, making it one of the largest-ever public cash outlays of its kind. However, critics argue that the deal was a bad one for the state.

via The Wall Street Journal|

#business #elon-musk #new-york