A leading Chinese solar manufacturer announced plans for a new factory in Southwest China, in a bet that continuing to advance technology in the sector will outweigh the risks of adding to an already saturated market.
First Solar, the nation’s largest solar panel manufacturer, announced Thursday that it will build its fifth U.S. factory as the Inflation Reduction Act spurs a domestic manufacturing boom. The company said it will invest as much as $1.1 billion in the new factory, the location of which has yet to be decided.
The modules convert sunlight into electricity. NEW DELHI: Reliance Industries Ltd, India's most valuable company, plans to commission its first solar giga-factory in the current fiscal as it pivots a green pathway to achieve net zero carbon emissions from operations by 2035.
Case says that end users should get their hands on solar panels made from Oxford PV’s cells around the middle of next year, for example. In May, a large silicon PV manufacturer, Hanwha Qcells, headquartered in Seoul, said it plans to invest US$100 million in a pilot production line that could be operational by the end of 2024.
A worker at First Solar in Perrysburg, Ohio July 8, 2022. First Solar, the nation’s largest solar panel manufacturer, announced Thursday that it will build its fifth U.S. factory as the Inflation Reduction Act spurs a domestic manufacturing boom.
The company said it will invest as much as $1.1 billion in the new factory, the location of which has yet to be decided. The new site will increase First Solar’s nameplate manufacturing capacity by 3.5 gigawatts, reaching 14 GW in the U.S. by 2026, the year it’s slated to come online.