Jim Wood, the CEO of SEG Solar, shares industry trends at the SEIA Finance, Tax & Buyers Seminar
The SEIA Finance, Tax & Buyers Seminar is a prestigious new event that connects more than 250 tax, finance, business, and legal leaders, combining content from SEIA’s long-standing Solar Goes Corporate and Finance & Tax Seminar events.
NEWYORK, March 20, 2023 -- SEG Solar' s(SEG) President Jun Zhuge, CEO Jim Wood, Vice President and CLO Michael Eden attended the seminar organized by SEIA in New York. SEG Solar delivered an important address at the seminar, announcing the acquisition of a manufacturing facility in Houston, Texas, USA. This is a significant step for the company, and it will enable SEG to provide better service to American clients.
From left to right, SEG Solar’s President Jun Zhuge, CEO Jim Wood, and Vice President and CLO Michael Eden
On the same day, SEG announced that it has purchased a manufacturing facility in Houston, Texas, USA, with the capacity to produce more than 2GW of photovoltaic (PV) modules annually. The facility is equipped with three cutting-edge production lines, allowing SEG to manufacture both TOPCON and high-efficiency N type PV modules with 182mm or 210mm solar cells.
“As a leading US photovoltaic module manufacturer, we are focusing on building solar supply chain in USA and we will continue to invest in American manufacturing. The establishment of this facility now makes sense on a number of different levels due to the incentives for solar manufacturing included in the Inflation Reduction Act and the current legislative climate.” said Jim Wood, CEO of SEG, adding that this facility will help to sustain low carbon, eco centric energy independence in the US for future generations. The acquisition of this facility represents the completion of the first step in our strategic plan to help bring solar energy production back to America.
Jim Wood, CEO of SEG Solar, delivered a speech at the seminar
SEG is dedicated to providing more domestic production to the US market. SEG will leverage a US-owned, audited supplier chain and offer third party quality assurance as well as domestically based product liability insurance. SEG is also willing to introduce additional solar module component suppliers to Houston, such as junction boxes, frames and EVA, to create a complete supply chain in the USA in the future.
The facility’s production is scheduled to start in Q1 2024. Up to 500 new employments could be created by the plant in the Houston region. Jim Wood stated that, SEG is looking forward to collaborating with financial institutions in the future since the speed of the company’s localization has reportedly accelerated.
Founded in 2016, SEG is committed to providing cost-effective and reliable solar energy solutions in the US market. By the end of 2024, SEG is expected to ship more than 2GW of PV modules annually.
