First Solar said on Thursday it has selected Louisiana to build its fifth U.S. factory amid a surge in demand for American-made solar panels.
said on Thursday it has selected Louisiana to build its fifth U.S. factory amid a surge in demand for American-made solar panels.
The company plans to invest $1.1 billion to set up the facility at Acadiana Regional Airport in Iberia Parish in the southeastern state. President Joe Biden's Inflation Reduction Act, a law passed last year that incentivizes homegrown production of clean energy equipment, is underpinning a boom inThe project is expected to be completed by the first half of 2026 and would add 3.5 gigawatts of manufacturing capacity for the company, First Solar said.
Solar project developers in the U.S. have flocked to First Solar's cadmium telluride products partially because the technology does not rely on polysilicon, a raw material primarily made in China and used in the vast majority of panels.
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