US Highlights Early Wins in Handing Out Clean Energy Cash

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US President Joe Biden's administration is touting early successes of recent legislation that allow the US to dole out funding for scores of clean energy projects. Most notably, South Korean solar manufacturer Qcells earlier this month announced it will spend $2.5 billion to build a new 3.3-gigawatt solar plant near Cartersville, Georgia, and expand its existing Georgia facility by 2.1 GW, expected to be on line by 2024. Biden called the announcement the largest single solar manufacturing investment in US history, and a “win for workers, consumers, and our climate.” Administration officials are pointing to nearly $650 billion in combined spending from the Inflation Reduction Act (IRA), which houses billions in tax credits for technologies across the clean energy sector, and earlier semi-conductor and infrastructure legislation.

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