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First Solar to get around $1.2 billion to expand US solar output by 4.4 GW

First Solar has announced plans to purchase a fresh 3.5 GW manufacturing unit in the southeastern USA, along with a $185 million upgrade because of its Ohio plant.

From pv magazine USA

First Solar has announced plans to get around $1.2 billion to scale up production of US-made solar modules an investment that’s forecast to expand the companys capability to produce modules for the united states solar market to a lot more than 10 GW (DC)by 2025.

Within its push to scale US production of solar modules, the business intends to create its fourth, fully vertically integrated domestic factory, having an annual capacity of 3.5 GW, in the southeastern USA. The business said it expects to get around $1 billion in the brand new factory, which, contingent upon permitting and pending approval of varied federal, state, regional, and local incentives, is likely to begin operations in 2025.

In 2021, First Solar announced that it had been building its Ohio facility, where in fact the company produces its thin-film solar modules utilizing a fully integrated process using cadmium telluride (CdTe) semiconductor. The business said that the Ohio plant happens to be the biggest vertically integrated complex of its kind in the Western Hemisphere. First Solar intends to get $185 million to upgrade and expand its Ohio footprint by 0.9 GW.

The business said it’ll spend money on the expansion of its two operating facilities in Perrysburg and Lake Township, Ohio, by 0.6 GW to 3.6 GW of annualSeries 6module capacity. And it’ll also expand its third Ohio factory, likely to be commissioned in the initial 1 / 2 of 2023, to 3.5 GW of annual Series 7 module capacity. The expansion increase First Solars total investment in its Ohio manufacturing facilities to over $3 billion, with a cumulative annual production capacity greater than 7 GW by 2025.

In passing the Inflation Reduction Act of 2022, Congress and the Biden-Harris Administration has entrusted our industry with the duty of enabling Americas clean energy future and we should meet up with the moment in a fashion that is both timely and sustainable, said Mark Widmar, ceo of First Solar. This investment can be an important step towards achieving self-sufficiency in solar technology, which, subsequently, supports Americas energy security ambitions, its deployment of solar at scale, and its own capability to lead with innovation.

First Solar estimates that its new investment will add at the very least 850 manufacturing jobs, bringing its final number of direct jobs in america to a lot more than 3,000 people in four states by 2025. By 2025, First Solar can be likely to support around 15,000 indirect and induced jobs.

On its last earnings calls, First Solar announced that it had a backlog of bookings, after announcing several large orders because of its advanced thin film solar modules. Silicon Ranch recently booked a 4 GW order, a National Grid order came in at 2 MW, and Intersect Power placed an order for just two 2.4 GW.

A long-time customer of First Solars, Intersect Power is likely to be among the largest buyers and operators of First Solar technology by 2027.

Intersect Powers ongoing relationship with First Solar has been critical in rapidly scaling our business to meet up our vision and reliably delivering our customers value and performance to aid their decarbonization goals, said Sheldon Kimber, ceo of Intersect Power. We anticipate bringing this large-scale portfolio to operation, and creating good-paying, American jobs in both construction and manufacturing with First Solars domestically-produced modules.

Along with its Ohio manufacturing facilities, First Solar also operates factories in Vietnam and Malaysia, and is building its first new manufacturing unit in India, that is scheduled to begin with operations in the next 1 / 2 of 2023. When expansion in the usa and India is complete, the business expects to possess a lot more than 20 GW of annual global manufacturing capacity in 2025.

The business also continues innovate its process, optimizing the quantity of semiconductor material used. First Solar also operates a sophisticated recycling program that allows materials to be re-used in new modules.

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