ATLANTA (AP) – A South Korean solar panel maker says it will invest more than $2.5 billion in two Georgia factories.

The Qcells unit of Hanwha Solutions will build a new 2,000-worker factory in Cartersville and hire 500 more workers for a third phase of its factory in Dalton.

Both towns are northwest of Atlanta. President Joe Biden and other officials are hailing the announcement.

They highlight that the Cartersville factory will build solar panel components usually made in China.

A new tax law last year provides incentives for companies to build such components in the United States.

Qcells projects it will supply about 30% of total U.S. solar panel demand by 2027.