First Solar Plans $1.1 Bln Investment for Fifth US Panel Factory by 2023

 

 

 

 

First Solar, the largest U.S. solar panel manufacturer, announced plans to invest $1.1 billion in a new factory in Ohio, which would be its fifth panel manufacturing facility in the country. The company aims to commence operations at the new facility by late 2023, with an initial capacity of 3 GW. This investment is expected to create approximately 500 jobs and meet the growing demand for solar panels in the United States. 

First Solar's decision to expand its manufacturing capabilities in the US demonstrates its commitment to supporting sustainable energy solutions and addressing climate change. With the increasing need for renewable energy sources, investing in solar panel production not only helps meet the country's energy demands but also contributes to the growth of the clean energy sector. This move aligns with the global push for sustainable development and emphasizes the importance of achieving a carbon-neutral future.

 

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