First Solar 4th US manufacturing facility — Lawrence County, Alabama (3.5 GW annual production capacity by 2025)
First Solar selects Alabama for 4th US manufacturing facility — $1.1B investment for 3.5 GW annual solar module production capacity by 2025; 700+ jobs. CEO Mark Widmar publicly cited IRA as the catalyst. With Alabama, First Solar's US manufacturing investment exceeds $4B. First major IRA-driven manufacturing announcement post-passage.
$1.10B
Deal Value
Solar
Technology
AL
Location
Deal Details
- Deal Type
- Manufacturing Investment
- Seller / Sponsor
- First Solar, Inc. (NASDAQ: FSLR)
- Buyer / Financier
- Internal capital + IRA tax credits
- Deal Value
- $1.1B
- Stage
- Construction
- ISO/RTO
- TVA
- Source
- First Solar
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