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The business stated it remains in conversation with a possible “tactical glass producing partner” to establish the website. Image: Unsplash
Canadian Premium Sand (CPS) prepares to develop a 4GW solar glass center in the United States. The business has actually developed a United States subsidiary, CPS Glass USA Corp., and has actually looked for the Department of Energy’s financial investment tax credit (ITC).
CPS stated it will repurpose a previous glass production center into a solar glass center. It did not reveal the place of the prepared factory however stated it “assessed websites with existing and under-utilised structures, energy supply, logistics facilities and ecological authorizations”.
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The business included that it remains in conversation with a prospective “tactical glass making partner” to collectively establish the website. The partner would bring “glass production know-how, acquiring power for devices and basic materials and internal engineering ability,” CPS stated in a declaration.
This concealed United States solar glass center will contribute to the 6GW center CPS is building in Selkirk, Manitoba, Canada. In its statement of the United States center, CPS likewise revealed that it has actually sent an application for US$ 100 million in non-dilutive financial backing to assist the Selkirk center.
“Establishing 10GW supply of both low-carbon and United States produced ultra clear pattern solar glass lines up CPS with the supply chain objectives of our North American clients”, stated Glenn Leroux, president & & CEO of CPS.
The business framed its United States growth in direct action to the growing need for locally produced solar modules. Following the Inflation Reduction Act (IRA) and its tax credits– like the ITC– United States solar module production capability has actually broadened enormously. Information from the Solar Energy Industries Association (SEIA) reveals that the United States has 43.1 GW of functional module production capability since November 2024 and an additional 17GW under building and construction.
As the ITC for tidy energy production financial investments, the production tax credit (PTC)– which offers credits on sustainable energy produced at websites– consists of a 10% domestic content tax bonus offer for jobs which make up at least 40% US-made items and elements.
Computed based upon the expense of the released parts, the domestic material reward supplies a market for US-made parts like glass, aluminium and solar module back sheets. CPS stated it is “placing itself to be the favored provider of solar glass” and will likely target completion market for domestic content-compliant production.
