A employee at First Sun in Perrysburg, Ohio July 8, 2022.
Megan Jelinger | Reuters
First Sun, the country’s greatest sun panel producer, introduced Thursday that it’ll construct its 5th U.S. manufacturing unit because the Inflation Relief Act spurs a home production growth.
The corporate mentioned it’ll make investments up to $1.1 billion within the new manufacturing unit, the site of which has but to be determined.
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The brand new website online will building up First Sun’s nameplate production capability by means of 3.5 gigawatts, achieving 14 GW within the U.S. by means of 2026, the yr it is slated to return on-line.
Together with Thursday’s announcement, First Sun has invested $2.8 billion over the last yr to ramp up manufacturing, together with a brand new website online in Alabama and expansions to present Ohio amenities. Nonetheless, First Sun has been not able to fulfill surging call for, and in April, the corporate mentioned it used to be offered out via 2026.
The Inflation Relief Act has already spurred a flurry of unpolluted power manufacturing unit bulletins and greater than $150 billion in capital investments because it handed just about 12 months in the past, in line with estimates from American Blank Energy.
President Biden mentioned Thursday that First Sun’s announcement, along different inexperienced power pushes, displays that “the technology of The us ceding management to our adversaries in blank power is over.”