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First Solar has selected Alabama as the site for its fourth U.S. panel factory. The climate bill was a key catalyst for the new facility.

First Solar said Wednesday that it has selected Alabama as the site for its fourth U.S. solar panel manufacturing facility, after the Inflation Reduction Act and its incentives for domestic manufacturing encouraged companies to onshore production.

First Solar will spend around $1.1 billion on the facility in North Alabama’s Lawrence County. The company announced plans for a new facility in August, but hadn’t yet disclosed the location. First Solar CEO Mark Widmar previously told CNBC that the Inflation Reduction Act was the key catalyst that led First Solar to choose the U.S. for its latest factory.

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Source: CNBC

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First Solar, the largest solar panel manufacturer in the U.S., said Tuesday that it will build a new panel factory in the US.

First Solar announced Tuesday that it will build a new solar panel manufacturing facility in the U.S. on the heels of the Inflation Reduction Act, which incentivizes domestic manufacturing.

The company will invest up to $1 billion in the new factory, which it plans to build in the Southeast of the U.S. The newly announced plant will be the panel maker’s fourth fully integrated U.S. factory.

First Solar also said Tuesday that it will spend $185 million upgrading and expanding its existing facilities in Ohio.

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Source: CNBC

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