SPI - SPI Energy launches new solar wafer manufacturing business in the USA
- SPI Energy ( NASDAQ: SPI ) notifies the formal registration of its solar wafer manufacturing business, SEM Wafertech Inc., thereby generating high-margin revenue business segment.
- Solar wafers are a key component used for manufacturing solar cells, which are used in the manufacturing of solar panels.
- The company is targeting delivery and production of solar wafers in the U.S. by 2023 with an initial capacity of 1.5GW.
- The company also plans to further increase its solar wafer manufacturing capacity to 3.0GW by 2024.
- Under the Inflation Reduction Act of 2022, solar wafer manufacturers will receive $12 per square meter of solar wafers produced.
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SPI Energy launches new solar wafer manufacturing business in the USA