How are you making an impact? Are you working on a project that will provide affordable housing to underserved communities? Maybe you’re drafting plans for a theatre or stadium to unite people through the arts and entertainment sectors or pushing for more sustainable “green” buildings.
At Calloway Title, we are passionate about working on projects that make a difference in the community, whether your commercial deal is here or in another state. That’s why we’re excited to share about a 2.5 billion dollar deal we recently closed for Qcells, a unit of Hanwha Solutions, that is bringing more jobs and clean energy to Georgia.
Here’s what you should know about Qcells’ and our involvement in this transformative project.
Qcells is part of a South Korean company that makes high-performance solar panels, solar products, intelligent energy storage systems and has a growing pipeline of large-scale renewable energy projects, all of which are typically manufactured outside of the United States.
The company first came to Georgia in 2018 to open a solar manufacturing facility in Whitfield County, employing thousands of Georgians. It has now invested 2.5 billion dollars more, following the signing of the Inflation Reduction Act, to build a new solar manufacturing plant in Cartersville/Bartow County and expand its existing facility in Dalton County. Construction has started, and production is expected to begin before the end of this year. “Between the Dalton and Cartersville projects, Qcells expects to increase the number of employees in Georgia to more than 4,000 by the end of 2024 and bring its total solar panel production capacity in Georgia to 8.4 gigawatts,” according to this article.
This project will aid Qcells’ efforts to establish a complete solar supply chain in the United States. In this article, Qcells CEO Justin Lee says, “We are seeking to further expand our low-carbon solar investments as we lead the industry towards fully American-made clean energy solutions.” The company’s presence here and significant investment are also helping make Georgia a world leader in advanced energy production and attracting next-generation jobs. The new plant will make a national impact, lowering the cost of clean energy and helping combat the climate crisis.
Why Top Developers Trust Calloway Title
Qcells was a huge deal for Calloway Title–one of the largest in our company’s history, and we handled it with great care and attention to detail. We conducted a thorough easement review as part of our survey review process and a 100-year search into the property’s title history to ensure that the deal was covered properly while helping close it back in December. We learn a great deal from every new transaction and adapt accordingly, but what always remains the same is our quick responses to emails, our availability for phone calls and our commitment to 24/7 customer service.
Together, we can make an impact and change our communities for the better through commercial real estate projects! Learn more about Qcells’ Georgia expansion here, and remember that Calloway Title can handle your complex deals in any state. Visit www.titlelaw.com to work with us!
