FILE - Workers continue to build rows of solar panels at a Mesquite Solar 1 facility under construction in Arlington, Ariz., Sept. 30, 2011. One of President Joe Biden’s signature laws aimed to invigorate renewable energy manufacturing in the U.S. It will also helped a solar panel company reap billions of dollars.
“President Biden has led and delivered on the most ambitious climate agenda in history, restoring America’s climate leadership at home and abroad,” Fernández Hernández said in a statement. “The White House regularly engages with industry leaders across all sectors, including clean energy manufacturers and gas and oil producers.”. He also took a swipe at some of First Solar’s rivals with ties to China, which dominates the industry.
Widmar and Sloan also attended a September 2022 celebration at the White House, according to records and social media posts, with Sloan praising the new law as “one of the most consequential pieces of legislation of our lifetimes.”The company will benefit from billions of dollars in lucrative tax credits for domestic clean energy manufacturers — a policy aimed at putting the U.S. on a more competitive footing with green energy giant China.
Lukas T. Walton, an heir to the Walmart fortune, held a 4.9% interest in the company, according to financial disclosures from 2020. Walton donated $360,000 to Biden’s 2020 campaign, as well as $100,000 to his 2021 inauguration, campaign finance records show.about whether Democrats could reach a consensus and approve the bill, which had stalled in the Senate in late 2021. A breakthrough came the following July when Senate Majority Leader Chuck Schumer of New York and holdout Sen.