WSJ News Exclusive | First Solar to Build New Solar-Panel Factory in Ohio

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First Solar is set to announce plans to invest $680 million in a new Ohio factory, in a bet on domestic solar manufacturing

WASHINGTON—The biggest American-owned solar-panel maker is set to announce plans Wednesday to invest $680 million in a new Ohio factory, in one of the largest bets on domestic solar manufacturing since China began dominating the industry a decade ago.

First Solar Inc., based in Tempe, Ariz., said it plans to begin construction after necessary permits and local incentives have been secured and is aiming to open the plant early in 2023. The factory, which would be the company’s third in Ohio, is expected to initially produce enough solar panels to produce 3 gigawatts of power annually, or enough to power about 570,000 homes.

Combined, the three plants by 2025 would produce panels that could generate 6 gigawatts of power annually, or a little more than half of all solar panels the company estimates will be produced annually in the U.S. by then, company chief executive Mark Widmar said. Mr. Widmar said the investment reflected the growth of the American market and what he viewed as bipartisan government commitment to encourage domestic manufacturing in alternative energy.

 

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Just have to compete against severely subsidize coal powered manufacturing plants with almost zero labor cost. But, at least their manufacturing will be cleaner than China.

🇺🇲🇺🇲🇺🇲Democrats hate freedom and democracy, so the US economy and security are at great risk. The left's ideological ambitions are destroying what the world's bravest people have always advocated for 'Freedom'. Congratulations Ron DeSantis.

There are many states which have the advantage to get the Sunshine in America.

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