A multi-billion dollar solar components factory is coming to Alabama. | So Good News

MONTGOMERY, Ala. (AP) — Arizona-based First Solar Inc. Alabama has been selected as the site of a more than $1 billion plant that will manufacture solar energy modules; The company announced on Wednesday.

The facility will be located in Lawrence County in the Tennessee Valley region and will create more than 700 jobs, First Solar said in a statement.

The plant is part of First Solar’s previously announced plan to increase its US manufacturing capacity to more than 10 gigawatts by 2025, the company said. Ohio has three plants, one of which is expected to begin production next year.

First Solar, headquartered in the United States, describes itself as the only major solar manufacturer that manufactures components in China. The project will bring the company’s total investment in U.S. manufacturing to more than $4 billion, he said.

The bill, signed into law by President Joe Biden in August, includes spending to bolster technology such as solar panels. Tax credits and loans will be directed. consumer efforts to improve home energy efficiency; emission reduction devices for coal and natural gas-fired power plants; Farms Air pollution control for ports and low-income communities.

First Solar CEO Mark Widmar said the law puts America firmly on the path to a sustainable energy future, and supporters say the new plants will help the transition to clean energy and combat climate change.