First Solar CEO: New factory allows the US 'to think through' decoupling from China
As the largest solar manufacturer in the U.S., Arizona-based First Solar (FSLR) has long advocated for reduced reliance on Chinese supply chains.
Now, it’s investing $680 million to build out the largest solar manufacturing complex outside of China, in one of the largest bets on the domestic industry.
Speaking to Yahoo Finance Live, CEO Mark Widmar said the new facility in Lakestownship, Ohio, will expand the company’s manufacturing capacity to churn out solar panels that produce just over 3 gigawatts of power annually, enough to power roughly 570,000 homes, nearly doubling its output.
Combined with its two plants, Widmar said First Solar will have the capability to generate 6 gigawatts of power annually by 2025.
https://finance.yahoo.com/news/first-solar-ceo-new-factory-allows-the-us-to-think-through-decoupling-from-china-105129949.html