Qcells Receives $1.45 Billion Loan for Georgia Plant
Hanwha Qcells has received a conditional commitment from the U.S. Department of Energy (DOE) for a $1.45 billion loan for its vertically integrated photovoltaic (PV) manufacturing facility in Cartersville, Georgia. The loan will be used to support the construction of the plant, which is planned to total more than $2.5 billion for the production of ingots, slices, cells and modules. Disbursement of the loan will be subject to Qcells meeting certain technical, legal, environmental and financial conditions.