First Solar (Nasdaq: FSLR) inaugurated its novel $1.1 billion brimmingy verticpartner united lean-film solar factory in Lawrence County, Alabama.
The factory inserts 3.5 gigawatts (GW) of brimmingy verticpartner united nameptardy solar manufacturing capacity to the US, and it’s foreseeed to produce over 800 jobs. The project was first declared in November 2022 adhereing the passing of the Biden administration’s Inflation Reduction Act.
First Solar’s distinct selling point is that it’s a brimmingy verticpartner united manufacturer of lean-film PV solar panels. This uncomfervents they can turn a sheet of glass into a functional solar panel in about four hours, count oning heavily on US-sourced materials enjoy glass and steel, the latter of which is being sourced wilean a 25-mile radius of the novel factory.
“This reconshort-terms a fantastic day for First Solar and for Lawrence County because this production facility is destined to become a meaningful joiner in the US renovelable energy taget,” shelp Governor Kay Ivey (R-AL).
The Lawrence County factory, alengthy with First Solar’s three operating factories in Ohio, transports the company’s domestic nameptardy manufacturing capacity to almost 11 GW and its global capacity to over 21 GW, once brimmingy online.
First Solar is also erecting a $1.1 billion, 3.5 GW factory in Louisiana, which is foreseeed to be comomitioned in the second half of 2025. The company foresees to have over 14 GW of annual nameptardy capacity in the US and 25 GW globpartner by the finish of 2026.
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