Press release
American Solar: TVA Secures First Solar Technology for Alabama Project
Lawrence County Solar Project to be constructed in same county as First Solar’s new US manufacturing facility KNOXVILLE, Tenn. & TEMPE, Ariz.--(BUSINESS
About this update from First Solar, Inc.
[{"type":"text","content":"\nLawrence County Solar Project to be constructed in same county as First Solar’s new US manufacturing facility\n\n\n KNOXVILLE, Tenn. & TEMPE, Ariz.--(BUSINESS WIRE)--\nThe Tennessee Valley Authority (TVA) today announced that it has secured 279 megawatts (MWDC) of advanced thin film solar panels from First Solar (NASDAQ: FSLR) for its planned Lawrence County Solar Project in Lawrence County, Alabama, which is expected to commence commercial operation in 2027. The project reflects TVA’s growing emphasis on solar in the region, which, by 2025, is also expected to become the home of one of the largest fully vertically integrated solar manufacturing facilities in the United States, when Arizona-headquartered First Solar commissions its fourth American factory.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230725007566/en/The Tennessee Valley Authority (TVA) today announced that it has secured 279 megawatts of advanced thin film solar panels from First Solar for its planned Lawrence County Solar Project in Lawrence County, Alabama, which is expected to commence commercial operation in 2027. (Photo: Business Wire)\n“TVA remains committed to investing in the energy system of the future for the benefit of the people of the Tennessee Valley that we serve and are pleased to work with First Solar,” said Roger Waldrep, vice president, TVA Major Projects. “Through our work with First Solar, TVA will continue to integrate more renewable generation into our overall portfolio with solar technology developed and manufactured in America.”\n\n\nFirst Solar is investing approximately $1.3 billion in expanding its US manufacturing footprint from over 6.5 gigawatts (GWDC) of annual nameplate capacity currently, to approximately 10.9 GWDC by 2026. In addition to the $1.1 billion being invested in the new 3.5 GWDC Lawrence County facility, the company has also embarked on a $185 million expansion of its existing manufacturing footprint in Ohio. First Solar, the largest solar manufacturer in the Western Hemisphere, also announced an investment of up to $370 million for a dedicated research and development (R&D) innovation center in Perrysburg, Ohio, which is expected to be completed in 2024.\n\n\n“As America’s Solar Company, we’re pleased that our technology will power the Lawrence Coun...