U.S. company DYCM Power has officially announced plans to build a 6 GW solar cell and module manufacturing plant in the United States, with commercial operations expected to begin in the first half of 2026.
DYCM Power plans to invest $800 million in the facility in partnership with Macquarie Capital. The plant’s initial annual capacity is set at 2 GW, with plans for gradual expansion to full capacity.
Sriram Das, co-founder and executive chairman of DYCM Power, emphasized, “The IRA offers an unprecedented opportunity for the U.S. to reclaim its leadership in solar manufacturing. With the robust support of Macquarie Capital and our global partners, we are making steady progress toward self-sufficiency in solar technology, strengthening U.S. energy security, and setting new benchmarks for quality and sustainability in solar manufacturing.”
The company is currently finalizing the plant’s location, indicating it will be in the southeastern United States.
In terms of supply chain development, DYCM Power has secured a supply agreement with a leading U.S. polysilicon supplier and signed a memorandum of understanding with a North American glass manufacturer, although specific details have not been disclosed.
Additionally, the company has announced a partnership with Mortenson, a reputable firm in plant construction design, procurement, and management. ECM Greentech Engineering will also collaborate, focusing on silicon cell manufacturing and solar module assembly.
In recent years, the appeal of U.S. manufacturing has grown significantly. Data from the Solar Energy Industries Association and Wood Mackenzie shows that U.S. solar manufacturing capacity has nearly tripled since the implementation of the IRA.
While some manufacturing plants have faced challenges, such as Meyer Burger’s decision to abandon its Colorado facility, the IRA has generally sparked substantial investment interest in domestic manufacturing.
However, on a global scale, the solar manufacturing sector appears less optimistic. Finlay Colville, Head of Research at Solar Media, noted in an article for PV Tech this week that the global solar manufacturing downturn may persist until 2026. In this context, DYCM Power’s U.S. plant plans provide a much-needed boost to the global solar market.
