Press release
First Solar Selects Louisiana for Fifth American Manufacturing Facility
As previously announced, to invest up to $1.1 Billion in 3.5 GW fully vertically integrated solar manufacturing facility Louisiana manufacturing plant will
About this update from First Solar, Inc.
[{"type":"text","content":"\n\nAs previously announced, to invest up to $1.1 Billion in 3.5 GW fully vertically integrated solar manufacturing facility\n\n\n\nLouisiana manufacturing plant will create over 700 new direct manufacturing jobs in the state\n\n\n\n BATON ROUGE, La. & TEMPE, Ariz.--(BUSINESS WIRE)--\nFirst Solar, Inc. (Nasdaq: FSLR) today announced that it has selected the Acadiana Regional Airport in Iberia Parish, Louisiana as the location for its previously announced fifth fully vertically integrated manufacturing facility in the United States. The facility, believed to be the single largest capital investment in the area’s history, represents an investment of up to $1.1 billion in expanding America’s capacity to produce its own photovoltaic (PV) solar modules. Expected to be completed in the first half of 2026, the facility is forecast to grow the company’s nameplate manufacturing capacity by 3.5 gigawatts (GW) to reach approximately 14 GW in the US in 2026.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230810247940/en/First Solar today announced that it has selected the Acadiana Regional Airport in Iberia Parish, Louisiana as the location for its previously announced fifth fully vertically integrated manufacturing facility in the United States. The company’s investment in Louisiana is expected to create over 700 new direct manufacturing jobs in the state. (Photo: Business Wire)\nFirst Solar’s investment in Louisiana is expected to create over 700 new direct manufacturing jobs in the state. The company, already believed to be the largest employer in America’s solar manufacturing sector with over 2,500 employees across the country, expects to have over 4,000 direct employees in the country by 2026, including 850 new manufacturing jobs expected to be created in Alabama and Ohio and over 100 new R&D jobs planned in Ohio.\n\n\n“First Solar’s selection of Iberia Parish for its newest solar panel production facility leaves no doubt that Louisiana is leading the global energy transition, and creating good-paying jobs as a result,” said Louisiana Governor John Bel Edwards said. “This massive investment and the jobs it will create are a huge win for the people of Acadiana and the entire state. It is proof positive that Louisiana’s ‘all-of-the-above’ approach to energy is growing and d...