First Solar Inc., America’s biggest panel maker, plans to invest about $1.2 billion to expand its US manufacturing capacity after Congress passed a landmark climate bill.
The company expects to choose a site in the US Southeast for a new 3.5-gigawatt facility and expand its factories in Ohio by about 900 megawatts, it said in a statement Tuesday. Three Southeast states are contenders for the new plant, with operations in 2025, according to Chief Executive Officer Mark Widmar.
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