Canadian Top rate Sand to invent 4GW US solar glass facility
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Canadian Top rate Sand (CPS) plans to invent a 4GW solar glass facility in the US. The company has established a US subsidiary, CPS Glass USA Corp., and has utilized for the Department of Energy’s investment tax credit ranking (ITC).
CPS mentioned this would perchance perchance additionally repurpose a former glass manufacturing facility true into a solar glass facility. It did now not picture the dwelling of the deliberate factory but mentioned it “evaluated sites with existing and beneath-utilised buildings, utility present, logistics infrastructure and environmental permits”.
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The company added that it is in dialogue with a doable “strategic glass manufacturing partner” to jointly blueprint the dwelling. The partner would disclose “glass manufacturing abilities, buying vitality for equipment and raw offers and in-dwelling engineering skill,” CPS mentioned in an announcement.
This undisclosed US solar glass facility will add to the 6GW facility CPS is constructing in Selkirk, Manitoba, Canada. In its announcement of the US facility, CPS additionally announced that it has submitted an application for US$100 million in non-dilutive monetary assist to again the Selkirk facility.
“Organising 10GW present of both low-carbon and US manufactured ultra certain pattern solar glass aligns CPS with the provision chain targets of our North American clients”, mentioned Glenn Leroux, president & CEO of CPS.
The company framed its US growth in advise response to the rising inquire for domestically produced solar modules. Following the Inflation Reduction Act (IRA) and its tax credit ranking – esteem the ITC – US solar module manufacturing skill has expanded vastly. Files from the Solar Energy Industries Affiliation (SEIA) reveals that the US has 43.1GW of operational module manufacturing skill as of November 2024 and a extra 17GW beneath constructing.
Besides to the ITC for engaging vitality manufacturing investments, the manufacturing tax credit ranking (PTC) – which offers credit ranking on renewable vitality produced at sites – entails a 10% domestic hiss material tax bonus for projects which comprise on the least 40% US-made products and components.
Calculated in step with the worth of the deployed components, the domestic hiss material bonus offers a marketplace for US-made components esteem glass, aluminium and solar module abet sheets. CPS mentioned it is “positioning itself to be possibly the most effectively preferred provider of solar glass” and need to serene possible target the tip marketplace for domestic hiss material-compliant manufacturing. It claims that US glass manufacturing reduces label, carbon emissions and logistical disorders when put next with the “Asia Pacific solar glass present chain”.
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