First Solar, one of the largest solar panel manufacturers in the United States, has plans to invest $1.2 billion in scaling production of American-made, responsibly produced photovoltaic (PV) solar modules, directly supporting the country’s transition to a decarbonized future and enabling the fight against climate change.
The investment is forecast to expand the company’s ability to produce American-made solar modules for the U.S. solar market to more than 10 gigawatts (GW) by 2025.
As part of its push to scale U.S. production of solar modules, the company intends to build its fourth, fully vertically integrated domestic factory, with an annual capacity of 3.5 GW, in the U.S. Southeast. First Solar expects to invest up to $1 billion in the new factory, which, contingent upon permitting and pending approval of various federal, state, regional and local incentives, is expected to commence operations in 2025.
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