First Photo voltaic, the biggest photo voltaic panel maker within the US, right now introduced that it’ll make investments $1.1 billion to construct a fifth US photo voltaic panel manufacturing manufacturing unit.

The deliberate manufacturing unit, which might be vertically built-in, is predicted to develop First Photo voltaic’s nameplate manufacturing capability by 3.5 gigawatts (GW) to succeed in roughly 14 GW within the US and 25 GW globally in 2026.

First Photo voltaic has not but decided the place its fifth manufacturing unit might be positioned, but it surely’s anticipated to come back on-line the primary half of 2026.

The brand new web site will produce First Photo voltaic’s Sequence 7 modules, that are anticipated to be manufactured with all Made within the USA elements as a way to adjust to the Inflation Discount Act’s home necessities.

Sequence 7 modules at the moment manufactured on the firm’s Ohio manufacturing unit already characteristic US-made glass and metal. The biggest photo voltaic panel maker within the US anticipates that when its fifth manufacturing unit is totally up and operating, then its Sequence 7 modules will account for over two-thirds of its annual home nameplate capability.

Mark Widmar, chief government officer of First Photo voltaic, mentioned:

This choice is underpinned by sturdy fundamentals, together with an order backlog of roughly 78 gigawatts, the business’s strongest stability sheet, a repeatable vertically built-in manufacturing template, and a confirmed know-how platform.

With this funding, we proceed to assist ship on the promise of the Inflation Discount Act, which is to create enduring worth for our nation. 

Picture: First Photo voltaic

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