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The planned fully vertically integrated facility, the location of which is yet to be determined, is expected to grow the company’s nameplate manufacturing capacity by 3.5 gigawatts (GW) to reach approximately 14 GW in the US and 25 GW globally in 2026.
A U.S.-based solar panel manufacturer may receive up to $11 billion in subsidies from the government thanks to the Inflation Reduction Act, according to the Wall Street Journal.
US module maker to spend $1.1BN on new domestic manufacturing site scheduled to begin production within three years.
Photovoltaic module maker First Solar is planning its fifth manufacturing centre in the US. The new site will be in Tempe, Arizona and it scheduled to open in 2026.
First Solar stands out among beneficiaries of Biden’s climate legislation, but lots of green energy companies are ‘trying to get on the gravy train’