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Canadian and Indian solar companies sign up with forces on US cell factory

Canada's Heliene and India's Premier Energies are planning a 1gigawatt solar battery factory in the United States to satisfy need for domestically made solar energy devices.

WHY IT MATTERS

The U.S. solar manufacturing industry needs a domestic supply of cells, the building blocks of solar panels, in order to make products that can qualify for a generous brand-new subsidy for American-made clean energy devices.

Currently there are no U.S. suppliers of silicon solar cells, and President Joe Biden's administration has been looking for to build up the domestic industry to take on China.

Heliene and Premier Energies expect to start production at their center in the second quarter of 2026. The factory will be located in the Minneapolis, Minnesota, area.

The facility will supply Heliene's existing U.S. module factories, which are located in Minnesota.

KEY QUOTE

Premier Energies has actually been a valued partner of Heliene's for many years now and we share a dedication to offering the first-rate, most-reliable products to solar consumers. With demand for U.S.-made modules and parts growing, now is the perfect time to embark on the next stage of our partnership with this joint endeavor, Heliene CEO Martin Pochtaruk said in a. statement.

CONTEXT

Solar producers are relying on a new 10% tax credit to. task designers when their centers use American-made. panels to drive need for their products.

To receive the domestic content aid, Biden's. Inflation Decrease Act specifies that 40% of the expense of a. task's manufactured products, such as solar panels, should be. made in the United States.

(source: Reuters)