First Solar to Invest $680m in Expanding American Solar Manufacturing Capacity by 3.3 GWFirst Solar to Invest $680m in Expanding American Solar Manufacturing Capacity by 3.3 GW
brandonlin
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1 minute read
TEMPE, Ariz., June 09, 2021 (GLOBE NEWSWIRE) -- First Solar, Inc. (Nasdaq: FSLR) today announced that it will invest $680 million to expand America’s domestic photovoltaic (PV) solar manufacturing capacity by 3.3 gigawatts (GW)DC annually, representing an implied capital expenditure of approximately $0.20 per watt. The company intends to fund construction of its third US manufacturing facility, in Lake Township, Ohio, with existing cash resources.
