Addressing solar components manufacturing Hanwha Q CELLS issued, through the National Finance Authority, $500 million in green bonds for the acquisition, construction, development, improvement, installation and equipping of two solar panel production facilities.

The facilities in Georgia, US will boost the company's solar panel production capacity to 46,000 a day.

It has been designated as an eligible green project under the Hanwha Green Financing Framework issued by Hanwha Q CELL's South Korean parent company. The facilities will produce solar components as well as solar/wind power generation assets and Battery Energy Solution System (BESS) projects.

"This green bond contributes to an important agenda within the energy transition, and potentially helps to solve supply chain issues," said one Environmental Finance Awards judge.

"Stands out due to its novel approach to financing green manufacturing, which has both economic and environmental benefits, and directly advances clean energy independence, reducing supply chain bottlenecks for solar technology," added another.