ICYMI: President Biden's Investing in America Agenda Continues to Create Good Paying Jobs and Tackle the Climate Crisis

Across America, President Biden's Investing in America agenda continues to pave the way for America's clean energy future, bolstering a clean energy manufacturing boom. Thanks to the Inflation Reduction Act, today U.S. solar company Suniva announced plans to reopen its solar cell production plant in Norcross, Georgia. TheNorcross plant will be the only source of U.S.-made solar cells in the country, reducing Americans' reliance on foreign countries in the solar power supply chain.

Suniva's announcement is just another example of Bidenomics investing in America and building an economy from the bottom up and middle out. The announcement coincides with the Biden-Harris Administration's third Investing in America tour, where Administration officials are highlighting how President Biden's agenda is delivering for the American people in communities across the country.

Read below for excerpts of coverage:

Reuters: US solar company Suniva to restart idled factory thanks to Biden climate law
[Nichola Groom, 10/11/23]

The company is the latest to commit to new U.S. solar production capacity since passage last year of the Inflation Reduction Act (IRA), which subsidizes domestic manufacturing of clean energy equipment.

[…]

But he credits subsidies contained in the IRA for finally enabling Suniva to produce solar cells again.

Projects using panels containing domestically-produced cells will be able to qualify for an IRA tax credit worth 10% of a facility's cost for using American-made equipment. That "bonus" would be on top of a 30% tax credit for renewable energy facilities.

There is no existing supply of U.S.-made solar cells, and manufacturers like Suniva have said that requiring cells to be made in America is key to producing goods that today are almost exclusively made in China.

"This announcement shows the Inflation Reduction Act's power in writing a new chapter for the American solar industry," said John Podesta, a White House senior advisor on clean energy policy. "After closing during the last administration, Bidenomics is bringing this plant back to life."

Atlanta Journal Constitution: Suniva to reopen solar plant in Georgia, citing Biden climate law
[Greg Bluestein, 10/11/23]

Solar cell manufacturer Suniva plans to reopen a shuttered Norcross factory and create as many as 240 jobs amid a surge of new tax incentives aimed at shoring up the U.S. green energy manufacturing supply chain.

[…]

The company specifically cited a provision Ossoffpushed for in the Inflation Reduction Act, Biden's signature climate change and health care law, that provides $10 billion in tax credits for firms to build solar manufacturing facilities.

"We look forward to engaging with our customers to satisfy their demand for a reliable source of U.S. made cells," Suniva Chief Executive Cristiano Amoruso said.

Suniva had been growing rapidly since its 2007 founding at Georgia Tech — much of it with the help of millions in a mix of local, state and federal tax credits for new jobs, grants and property tax abatements.

[…]

Since then, the industry has transformed. Suniva'sannouncement is among a wave of clean technology facilities growing across the Peach State. Qcells also recently launched its own expansion at several Georgia plants, and battery-makers are sprouting at mega-sites across the state.

Biden-backed legislation has spurred a flood of new investment in the production of energy technology, a critical business that's only expected to grow as countries reduce their use of fossil fuels and the U.S. aims to chip away at China's domination of the industry.

The Inflation Reduction Act provided billions to the solar industry. And a bipartisan infrastructure law ramped up incentives for green initiatives such as electric-vehicle manufacturing.

"This announcement shows the Inflation Reduction Act's power in writing a new chapter for the American solar industry," said John Podesta, a senior Biden adviser. "After closing during the last administration, Bidenomics is bringing this plant back to life."

Marietta Daily Journal: Suniva to restart solar cell plant in Gwinnett County
[Dave Williams, 10/11/23]

"This announcement shows the Inflation Reduction Act's power in writing a new chapter for the American solar industry," said John Podesta, senior advisor to the president for clean energy innovation and implementation.

"After closing during the last administration, Bidenomics is bringing this plant back to life. It's part of President Biden's Investing in America agenda to renew manufacturing, create good-paying jobs, and ensure America wins our competition with countries like China."