First Solar to invest up to $1.2 billion in US panel manufacturing

The United States is set to get its largest solar panel manufacturer,

[{"selector":"#anim-f66159e5-4127-4dbd-8521-85091a407d93 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

with a new factory that will produce up $1 billion worth of panels

[{"selector":"#anim-0c4ff9e4-970a-469f-9dcc-a1cb99dc36e5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The Fourth Factory project has been announced by First Solar

[{"selector":"#anim-4f140c5e-35ef-4d64-970d-e47dea58ae15 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

should start operations in 2025 contingent upon permitting/pending government approvals.

[{"selector":"#anim-62f6a275-4fa2-4297-a371-8ee6d56a770b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.254687386254172%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

First Solar has announced that it will invest $185 million into expanding

[{"selector":"#anim-8e083910-5702-4f66-9bdb-90a0d2b24bb5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

its three Ohio manufacturing facilities

[{"selector":"#anim-871a3100-79c1-48b7-a68b-13afa4d04f6f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The company said the third factory in this state is expected to be commissioned by early 2021

[{"selector":"#anim-3d1c550f-d133-42af-b5ca-fb0432d42bed [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

which could help employ up 3 hundred people at first!

[{"selector":"#anim-a265f4ba-7f93-4c0a-970e-1910fa5d58de [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Then, the Inflation Reduction Act signed by President Biden two weeks ago

[{"selector":"#anim-c40bd53a-ee70-4d6e-86da-6008e284b3fc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

offered incentives that make staying in this country more attractive.

[{"selector":"#anim-e563e1e5-0382-4242-abd8-00b849196b47 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]