Macquarie-Backed DYCM Power Announces Traceable Supply Chain For $800 Million Integrated Facility
Key Takeaways
- DYCM Power is scouting for a location to host its integrated solar PV manufacturing facility in the Southeast US
- It plans to establish up to 6 GW of solar cell and module manufacturing capacity
- Initial target is to start with 2 GW TOPCon cell capacity with module assembling
- Local contracts for polysilicon and glass supply are in place, according to the company, to ensure full supply chain traceability
A joint venture (JV) launched by 2 US-based investment firms, in partnership with global investment firm Macquarie Capital, plans to establish up to 6 GW of solar cell and module production capacity in the US. DYCM Power, LLC is currently shortlisting a suitable site in the Southeastern US for an initial 2 GW capacity.
DAS & Co., LLC and APC Holdings have formed DYCM to create one of the largest solar cell and module manufacturing facilities in the US. It plans to start with a 2 GW TOPCon cell and module fab for an $800 million investment. Shipments are scheduled to start from H1 2026.
To ensure full supply chain traceability and transparency in the US solar manufacturing industry, DYCM shared that it has signed a supply agreement with a leading US-based polysilicon provider and a memorandum of understanding (MoU) with a leading North American glass manufacturer, details of which will be released later.
These agreements will ensure that its modules will meet domestic content requirements in the US.
“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,” said DYCM’s Co-Founder and Executive Chairman Sriram Das.
For DYCM’s planned fab, EPC firm Mortenson is on board to oversee the engineering and construction work, while ECM Greentech Engineering will provide it with complete turnkey production lines for the manufacturing of silicon solar cells and solar panel assembly.
According to the SEIA and Wood Mackenzie, the US solar module manufacturing capacity has increased from 10 GW to 31.3 GW since the Inflation Reduction Act (IRA) came into force (see US Solar PV Installations Grew 9.4 GW During Q2 2024).
DYCM’s plans for cell manufacturing in the US follow that of Japan’s Toyo Solar, which recently announced 2 GW cell and module production capacity each for this market (see Japan’s Toyo Solar Announces 2 GW US Module Manufacturing Plant), even as Germany’s Meyer Burger shelved its 2 GW US cell fab citing financial constraints (see Meyer Burger Shelves 2 GW US Solar Cell Manufacturing Factory Plans).
Source from Taiyang News
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