FEOC
All Manufacturers

Hanwha Qcells (US Manufacturing)

Clean
🇰🇷 South KoreaSeoul, South KoreaSolar PanelsPublic (KRX: 009830)

Last verified: 2026-04-01

Risk Summary
Country RiskLowHQ in South Korea (allied nation)
Entity List ExposureLowNot on any lists
Ownership RiskLowPublic (KRX: 009830)
Domestic AlternativeLow10 allied/US options available

Entity List Screening

ListAgencyStatusYear
BIS Entity ListBureau of Industry and SecurityNot Listed2026
OFAC SDN ListOffice of Foreign Assets ControlNot Listed2026
DOD Section 1260HDepartment of DefenseNot Listed2026
UFLPA Entity ListCustoms and Border ProtectionNot Listed2026
SEC DisclosuresSecurities and Exchange CommissionNot Listed2026
IRS FEOC GuidanceInternal Revenue ServiceNot Listed2026

Ownership Structure

Hanwha Group (Kim Seung-youn family, South Korean conglomerate)
🇰🇷 South KoreaIndividual / Shareholder
Hanwha Qcells (US Manufacturing)
🇰🇷 South KoreaManufacturer

Source: SEC filings, stock exchange disclosures, corporate registry data. Ownership percentages reflect most recent available disclosure.

Compliance Assessment

South Korean-headquartered with major US manufacturing. South Korea is an allied nation. Largest solar manufacturer in the US.

Key Factors

  • Headquartered in South Korea, an allied nation
  • Ownership: Public (KRX: 009830)
  • Has confirmed US domestic manufacturing operations
  • Not listed on any federal entity lists
  • Qcells is building the most complete US solar supply chain (ingot-wafer-cell-module) in Georgia. Key beneficiary of IRA.

Products & Equipment

Solar cells (US-made)Solar modules (US-made)Ingots and wafers (planned US)

Domestic manufacturing confirmed

Dalton, Georgia facility (largest solar factory in Western Hemisphere). Building full US supply chain from ingot to module in Cartersville, GA.

Other Manufacturers in Solar Panels

All manufacturers in this product category

First SolarClean
🇺🇸 United StatesUS Mfg
Trina SolarFlagged
🇨🇳 China
JinkoSolarFlagged
🇨🇳 China
LONGi Green EnergyFlagged
🇨🇳 China
Canadian Solar (CSI Solar)Under Review
🇨🇦 CanadaUS Mfg
Hanwha Q CellsClean
🇰🇷 South KoreaUS Mfg
JA SolarFlagged
🇨🇳 China
Risen EnergyFlagged
🇨🇳 China

Data Sources

  • Hanwha Qcells announcements
  • DOE loan program
  • IRA tax credit filings

This information is for reference only and does not constitute legal advice. Compliance determinations should be verified with qualified legal counsel. Entity list data is sourced from publicly available federal databases and may not reflect the most recent updates.