The companies say their combined investment of about $2.7bn represents a vote of confidence in solar power.

Hemlock — a Dow Corning joint venture with Mitsubishi Material and Japan’s Shin-Etsu Handotai, the world’s leading supplier of semiconductor silicon — has allocated $1.2bn for its plant in Clarksville, 64km northwest of Nashville.

The site will have an initial capacity of 10,000 tonnes when it comes on line next year, with room to expand to 21,000 tonnes.

In