Philadelphia Solar excited to announce its participation in the upcoming 2023 SelectUSA Investment Summit and share their plans for Philadelphia Solar USA (PS-USA), our new U.S. factory in 2024. This new factory will allow us to expand our reach and provide even more sustainable energy solutions to businesses and communities throughout the United States.
The Chief Commercial Officer of the company, Mohammad Shehadeh, will be representing Philadelphia Solar at the Investment Summit, where the company plans to share its ambitious plans for expanding its operations in the United States.
Discover the key factors behind our company’s decision to invest in the USA by attending the 2023 SelectUSA Investment Summit HERE!, Don’t miss out on valuable insights and networking opportunities!
The decision to invest in the United States was driven by the country’s market size and purchasing power, as well as the policies that support the renewable energy sector such as what the Inflation Reduction Act (IRA) did to restore and extend federal solar tax credits, and this includes the residential Investment Tax Credit (ITC) that supports the installation of renewable energy products.
The new company aims to install a 1.2GW manufacturing line for US-made mono-PERC modules by Q4 2024, with plans to invest in state-of-the-art cells production line by 2025. Philadelphia Solar USA will ensure that solar developers have access to the quality modules they need to reach energy independence in the US market with greater speed and optimal efficiency.
Philadelphia Solar received support from SelectUSA, the U.S. government program housed within the Department of Commerce that helps foreign investors, by connecting Philadelphia Solar with Economic Development Organizations (EDOs) in each state and provided information necessary for due diligence.
The company’s participation in the 2023 SelectUSA Investment Summit will be an opportunity for Philadelphia Solar to showcase its commitment to sustainability and its plans for expansion in the US market. The company is thrilled to share its vision and contribute towards a more sustainable future.
Media interested in covering Philadelphia Solar’s plans can learn more and apply to attend the SelectUSA Investment Summit here.