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Company News · SelectUSA Investment Summit · 2023

Philadelphia Solar Unveils Its U.S. Manufacturing Vision at SelectUSA 2023

At the 2023 SelectUSA Investment Summit, Philadelphia Solar shared its plans for Philadelphia Solar USA (PS-USA) and a proposed solar-module manufacturing operation in the United States.

Philadelphia Solar announcement for SelectUSA Investment Summit 2023
Philadelphia Solar’s announcement relating to the 2023 SelectUSA Investment Summit
SelectUSA · 2023

An investment vision for the U.S. solar market

Philadelphia Solar announced its participation in the 2023 SelectUSA Investment Summit to present its proposed expansion in the United States. The company outlined plans for Philadelphia Solar USA (PS-USA), a U.S.-based manufacturing venture intended to help supply solar modules to businesses, developers and communities.

The announcement cited the size and purchasing power of the U.S. market, alongside federal policy support for renewable energy, as key factors shaping the investment decision. The company also highlighted the Inflation Reduction Act (IRA) and solar tax incentives as part of the wider policy environment.

Company representative

Representing Philadelphia Solar at the summit

Mohammad ShehadehChief Commercial Officer · Philadelphia Solar

Mohammad Shehadeh, Chief Commercial Officer, was identified as Philadelphia Solar’s representative at the 2023 Investment Summit, where the company intended to discuss its U.S. expansion plans.

Plans announced in 2023

The manufacturing roadmap outlined at the time

1.2 GWTarget manufacturing capacity

A proposed U.S. production line for mono-PERC solar modules.

Q4 2024Original target timing

The announcement identified Q4 2024 as the intended timing for the module line.

2025Further investment ambition

The company also described a potential solar-cell production line by 2025.

Historical announcement: the dates and capacity below describe plans communicated in 2023. This article does not establish whether those milestones were subsequently completed.
Investment rationale

Why the United States?

Market opportunity

A large U.S. market and growing demand for solar-energy solutions were among the factors cited in the announcement.

Policy landscape

The company pointed to U.S. renewable-energy incentives, including measures associated with the Inflation Reduction Act.

Domestic supply ambitions

The planned U.S. manufacturing presence was positioned as a way to help developers access locally manufactured solar modules.

SelectUSA support

Philadelphia Solar stated that SelectUSA connected it with state economic development organizations and shared information for its investment due diligence.

Long-term perspective

Continuing the conversation around solar manufacturing

Philadelphia Solar’s participation in SelectUSA 2023 reflected its stated ambitions to expand its presence in the U.S. renewable-energy market.

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