Friday, May 27 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of May 23
Week of May 16
Week of May 09
Week of May 02
Week of Apr 25
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    US House bill includes USD 3bn for solar manufacturing

    January 28, 2022 - SeeNews Renewables


      January 28 (Renewables Now) - The US House of Representatives this week unveiled the America COMPETES Act of 2022 that seeks to bolster the country’s supply chain and competitiveness, and includes USD 3 billion (EUR 2.7bn) for solar manufacturing.

      The bill includes USD 52 billion to boost US production of chips and USD 45 billion to improve domestic supply chains.

      “This legislation strengthens our nation’s supply chains so more critical goods are manufactured here in the United States instead of China,” said Energy and Commerce Committee Chairman Frank Pallone, Jr.

      The bill authorises USD 3 billion -- USD 600 million a year from fiscal year 2022 through 2026 -- to help establish a domestic solar manufacturing supply chain. It envisages the provision of grants and direct loans for the construction of new solar component factories and retrofitting or expanding existing facilities.

      The legislative package is the House version of the United States Innovation and Competition Act which passed in the Senate in June 2021.

      In a statement on the America COMPETES Act, US president Joe Biden said: “I’m heartened by Congress’ bipartisan work so far, and its commitment to quick action to get this to my desk as soon as possible.”

      (USD 1 = EUR 0.896)


    Other Articles - Utility Business / General


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.