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Showing posts with the label industry

Major solar panel plant opens in US amid backdrop of industry worries about low-priced Asian imports

A South Korean company has begun production at a huge solar panel factory in Georgia A South Korean company has begun production at a huge new solar panel factory in Georgia even as industry leaders say surging Asian imports could dampen efforts to make more solar components in the United States. Qcells, a unit of South Korea’s Hanwha Group, said Wednesday that it can now turn out enough solar panel s to generate 5.1 gigawatts of power yearly at a two-factory complex in the northwest Georgia city of Dalton. That's almost 40% of U.S. solar panel capacity, according to figures from the Solar Energy Industries Association. Qcells' opened its first factory in 2019 and an even larger plant in phases since, what the company describes as the largest solar investment in American history. “It’s another milestone as we as a company really strive to become a global leader and a U.S. leader in solar manufacturing," said Scott Moskowitz, Qcells head of market strategy and public a...

Puerto Rico's water supply is being depleted, contaminated by manufacturing industry on the island, experts say

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The manufacturing industry in Puerto Rico is putting the island's finite water supply at risk, experts told ABC News. The manufacturing industry in Puerto Rico is putting the island's finite water supply at risk, experts told ABC News. In the 1960s and 1970s, industries ventured to Puerto Rico as the result of a now-expired federal tax incentive known Section 936, which exempted businesses from federal income tax profits earned by U.S. companies in Puerto Rico and other U.S. territories. The incentive is widely regarded by experts as responsible for creating a fiscal crisis on Puerto Rico, as the island's economy remained stuck in a standstill due to its inability to generate wealth from the rapidly growing manufacturing sector. But with the expansion of industry also came severe environmental impact. MORE: Biden visits Puerto Rico after Fiona, commits to recovery 'as long as it takes' Pharmaceutical manufacturing, among the most prominent on the island, account...