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Highland Materials secures US$255.6 million 48C tax credit to build polysilicon plant in the US

2024-04-24

Highland Materials’ polysilicon plant in the US is expected to have an initial capacity of 16,000MT of solar silicon. Image: Wacker

Polysilicon manufacturer Highland Materials has secured US$255.6 million in 48C tax credits to build a polysilicon plant in the US.

The new facility is expected to have an initial annual capacity of 16,000 metric tons (MT) of solar silicon, to be increased to 20,000MT in four years, which would be equivalent to 10GW of solar cells, according to the Solar Energy Manufacturers for America (SEMA) Coalition. The SEMA Coalition added that this is the first new commercial polysilicon plant to be built in the US since the passage of the Inflation Reduction Act (IRA) in August 2022.

(The above content is reproduced from pv-tech,By Jonathan Touriño Jacobo)

 

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