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First Solar Plans to Spend $1.2 Billion on US Factories

  • New factory planned for US Southeast as well as Ohio expansion
  • Move comes as industry grapples with supply-chain obstacles
First Solar photovoltaic panels at the Desert Stateline Solar Facility, a utility-scale photovoltaic power station, in the Mojave Desert in San Bernardino County, California, U.S., on Saturday, Feb. 19. 2022.

First Solar photovoltaic panels at the Desert Stateline Solar Facility, a utility-scale photovoltaic power station, in the Mojave Desert in San Bernardino County, California, U.S., on Saturday, Feb. 19. 2022.

Photographer: Bing Guan/Bloomberg
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First Solar Inc., America’s biggest panel maker, plans to invest about $1.2 billion to expand its US manufacturing capacity after Congress passed a landmark climate bill.

The company expects to choose a site in the US Southeast for a new 3.5-gigawatt facility and expand its factories in Ohio by about 900 megawatts, it said in a statement Tuesday. Three Southeast states are contenders for the new plant, with operations in 2025, according to Chief Executive Officer Mark Widmar.