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Be the first with the news that moves the market- Qcells has invested $2.5 billion in a solar power manufacturing facility from the Gray/Stantec (STN) design-build team
- The $2.5 billion investment is to finance the building of a solar power manufacturing facility in Georgia by Qcells
- Gray, which builds in the manufacturing industry, and Stantec, which operates in sustainable design, were selected to provide construction, architecture, mechanical/electrical/plumbing engineering, structural/civil engineering, as well as environmental, water, and wastewater services
- Stantec Inc. is a sustainable engineering, architecture, and environmental consulting company
- Stantec Inc. (STN) opened trading at C$71.19 per share
Qcells has invested $2.5 billion in a solar power manufacturing facility from the Gray/Stantec (STN) design-build team.
The $2.5 billion investment is to finance the building of a solar power manufacturing facility in Georgia by Qcells.
This is reported to be the largest solar investment in US history and will offer significant benefits to the state and national economies.
Gray, which builds in the manufacturing industry, and Stantec, which operates in sustainable design, were selected to provide construction, architecture, mechanical/electrical/plumbing engineering, structural/civil engineering, as well as environmental, water, and wastewater services.
Qcells is a subsidiary of Hanwha Solutions, one of the world’s largest and most recognized photovoltaic (PV) manufacturers, known for its high-quality solar cells and modules.
The company expects to increase its solar module production capacity in the United States from 1.7 gigawatts in 2022 to 8.4 gigawatts by 2024.
“Having worked with Qcells, Gray is honoured to continue our relationship on such a monumental investment,” said Brian Jones, president and CEO of Gray Construction.
“These projects will tremendously impact the people of Georgia, the American economy, and the solar industry,” he added.
The new facility will house the entire solar panel manufacturing process, including ingot production, wafer processing, cell processing, and module production.
“With a shared commitment to quality and innovation, we are proud to be part of establishing a reliable solar supply chain to the United States,” said Leonard Castro, executive vice president for Stantec’s global Buildings practice.
“Together with our partners at Gray, we are inspired by the opportunity to help Qcells create energy solutions that will support a more sustainable future,” he added.
Gray is ranked among the top industrial contractors in the US and internationally.
Stantec Inc. is a sustainable engineering, architecture, and environmental consulting company.
Stantec Inc. (STN) opened trading at C$71.19 per share.
