Khasma Capital, a leading investment firm specializing in development capital for teams advancing low-carbon infrastructure, is pleased to announce an investment commitment of $7 million in OnePlanet Solar Recycling LLC (OnePlanet), a Jacksonville, Florida-based company pioneering scalable solar panel recycling solutions. The investment will support the development of OnePlanet’s flagship advanced solar module recycling facility and marks a substantial step forward in the expansion of domestic infrastructure for solar module end-of-life management.
“With Khasma’s investment, OnePlanet is poised to bring one of the most advanced and largest solar panel recycling facilities in the U.S. online. This groundbreaking infrastructure will not only further the environmental sustainability of the solar industry but also play a pivotal role in advancing circular supply chains within the broader clean energy sector,” said Andre Pujadas, CEO of OnePlanet.
“We are excited to support OnePlanet’s mission to scale solar recycling and help address a critical gap in end-of-life renewable power assets. The OnePlanet team has demonstrated exceptional technical execution and market insight developing and operating their pilot, giving us great confidence as they take this next step,” said Ashlynn Horras, Partner at Khasma Capital.
Project Overview:
OnePlanet is developing a state-of-the-art solar module recycling facility in Green Cove Springs, FL providing end-to-end recycling solutions. The facility has been awarded a $14.5 million allocation under the 48C(e) Clean Energy Manufacturing and Recycling Projects tax credit program and will recover high-value materials including aluminum, copper, silicon, and glass for reintroduction into domestic supply chains.
Key Highlights:
- Flagship Facility: OnePlanet’s Green Cove Springs facility will serve as a model for future advanced solar module recycling centers.
- Material Recovery at Scale: The facility will initially recover materials and critical minerals from 2 million solar modules annually and expand to 6 million annually by 2030.
- Circular Economy Leadership: This project marks a significant step toward diverting solar modules and critical minerals from landfills and strengthening domestic high-value material supply chains.
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