Well let’s hear it for the idea of First Solar building in the USA.
Tue, August 30, 2022, 5:47 AM·3 min read
Well folks according to Akiko Fujita over at Yahoo News there’s some good solar News coming to the USA. For First Solar (FSLR) is making a $1.2 billion investment. All into expanding its factory footprint in the United States. That’s providing a tailwind to President Biden’s push to accelerate domestic manufacturing and reduce America’s reliance on Chinese supply chains.
As I reported before!
So First Solar Inc. (FSLR) is the largest U.S. solar-panel maker. They are boosting its efforts to install systems at industrial sites. Furthermore, warehouses as utilities demand for smaller solar farms.
Pursuing smaller projects and customer-sited systems may increase sales as much as 36 percent. That’s expected over the next three years. This comes from Chief Executive Officer Jim Hughes.
The largest solar manufacturer headquartered in the U.S., First Solar plans to invest $1 billion in a new fully vertically integrated factory based in the Southeast and an additional $185 million for upgrading and expanding its existing footprint in northwest Ohio.
The move allows the company to expand its solar capacity in the U.S. to 10 gigawatts over the next three years — enough to produce a solar panel every 1.6 seconds, according to First Solar CEO Mark Widmar.