U.S. government will loan $1.45 billion to help a South Korean firm build a solar plant in Georgia

The federal government is making its first loan to a crystalline silicon solar plant, loaning $1.45 billion to support a South Korean company’s bid to build up key parts of the solar supply chain inside the United States.

The loan from the U.S. Energy Department, announced Thursday, will be key to funding a $2.2 billion complex that Qcells, a unit of South Korea’s Hanwha Group, is building. The company plans to take polysilicon refined in Washington state and make ingots, wafers and solar cells - the building blocks of finished solar modules - in Cartersville, Georgia, northwest of Atlanta.

https://www.washingtontimes.com/news/2024/aug/8/us-government-to-loan-145-billion-to-help-south-ko/