First Solar announced plans to invest $1.2 billion into production of U.S.-made photovoltaic (PV) solar modules in Ohio and the southeastern U.S., joining a growing list of companies developing green energy initiatives in Republican-controlled states.
First Solar announced that it would invest $185 million into “upgrading and expanding” its manufacturing capabilities in three factories in northwestern Ohio, which the company describes as the “largest vertically-integrated complex of its kind in the Western Hemisphere,” as well as investing $1 billion in a new plant in the American Southeast, according to a press release. The solar company is the latest in a slew of billion-plus-dollar investments in green energy initiatives, spearheaded by automakers, seeking to take advantage of tax credits offered under the Inflation Reduction Act by constructing or retrofitting production facilities in Republican-controlled states.
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