Korean solar company Hanwha Qcells announced plans to invest $2.5 billion in building a large solar manufacturing plant in Georgia, The New York Times reports. The substantial investment boosts President Biden's efforts toward reducing America's dependence on China for solar panel supplies.
"Today's Hanwha Qcells announcement to make the largest solar investment in US history is a big deal for Georgia's working families and the American economy," Biden said in a statement, per Bloomberg. "This investment is a direct result of my economic plan and the Inflation Reduction Act."
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