News Formal

First Solar plans $1.1 billion investment in fifth U.S. panel factory

  • 📰 ReutersScience
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

First Solar Inc on Thursday announced plans to spend up to $1.1 billion on what will be its fifth U.S. factory to meet booming demand for American-made solar panels.

on Thursday announced plans to spend up to $1.1 billion on what will be its fifth U.S. factory to meet booming demand for American-made solar panels.expansion

"By expanding America's solar manufacturing base, and the value chains that support it, we are working to ensure that the U.S. enters the next decade in a position of strength, fully capable of producing the technology it needs to complete its transition to a sustainable energy future," First Solar Chief Executive Mark Widmar said in a statement.

It has yet to select a location for the factory, which will begin production in 2026 and create 700 jobs. First Solar currently produces panels in Ohio and will open anU.S. solar project developers have flocked to First Solar's cadmium telluride products in part because the technology does not rely on polysilicon, a raw material primarily made in China and used in the vast majority of panels. First Solar has an order backlog of 78 GW, the company said.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 559. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

First Solar earnings, revenue bring upside as stock shoots higherShares of First Solar Inc. were moving more than 6% higher in Thursday’s aftermarket action after the solar-technology company easily cleared expectations...
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

Crocs' stock tumbles 15% after earnings show weakness at high-flying HeyDude brandCrocs Inc.'s stock tumbled 15% Thursday as investors overlooked strong earnings to focus on HeyDude.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »