DYCM Power, LLC has announced plans to open a new solar cell and module manufacturing facility in the U.S. The company, which is a joint venture between Das & Co., LLC and APC Holdings, LLC, will partner with Macquarie Capital on the project. DYCM Power will invest $800 million into the new facility, which will initially produce 2 GW of cells and modules annually with a planned expansion up to 6 GW.
While no site has been selected yet, the new facility will produce advanced TOPCon cells and assemble them into modules. Production at the new plant is expected to begin in 2026. According to the company, DYCM Power has entered into a supply agreement with a leading U.S.-based polysilicon provider and secured an MOU with a leading North American glass manufacturer.
What people are saying
In a recent quote, Sriram Das, Co-Founder and Executive Chairman of DYCM Power, said, "The Inflation Reduction Act created a unique opportunity for the U.S. to re-establish itself as a leader in solar manufacturing. With the support of Macquarie Capital and our world class partners, we are taking a significant step towards solar technology self-sufficiency and strengthening America's energy security, while also setting a new standard for quality and sustainability in solar manufacturing."
Richard Powell, Co-Founder and President of DYCM Power, added, "Our partnership with Macquarie Capital is a defining moment for DYCM Power. Working with one of the most experienced and respected names in clean energy investing globally, we will be able to scale faster to meet the significant unmet needs of our customers over the next decade, and in the process create hundreds of good-paying solar manufacturing jobs and have a significant economic impact in the U.S."
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