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					</table><p>U.S.-based solar module manufacturer <a href="https://www.firstsolar.com/en-IN/" target="_blank" rel="noopener">First Solar</a> has announced its plans to construct a fifth manufacturing facility in the United States, with an investment of up to $1.1 billion. The move comes as the company aims to bolster America&#8217;s capacity to produce photovoltaic solar modules.</p>
<p>The upcoming manufacturing facility will be fully vertically integrated, adding 3.5 GW of nameplate manufacturing capacity.</p>
<p>The expansion is estimated to increase the company&#8217;s overall manufacturing capacity in the U.S. to approximately 14 GW and 25 GW globally by 2026.</p>
<p>The facility&#8217;s location is yet to be determined, but the company anticipates it to be commissioned in the first half of 2026.</p>
<p>The facility will be dedicated to producing First Solar&#8217;s Series 7 modules, designed to be manufactured with 100% U.S.-made components, aligning with the domestic content guidance issued by the <a href="https://home.treasury.gov/" target="_blank" rel="noopener">Department of Treasury</a>.</p>
<p>According to the company, the Series 7 modules are expected to constitute over two-thirds of the company&#8217;s annual domestic nameplate capacity once the new factory is fully operational.</p>
<p>The Series 7 modules produced at First Solar&#8217;s Ohio facility already incorporate U.S.-made glass and steel.</p>
<p>Mark Widmar, the CEO of First Solar, emphasized that the investment supports the Inflation Reduction Act&#8217;s goals by fostering enduring value for the country.</p>
<p>Widmar explained, by expanding the U.S. solar manufacturing base and the supporting value chains, First Solar aims to position the nation advantageously for a sustainable energy future.</p>
<p>Over the past year, including this announcement, the company has pledged over $2.8 billion in capital investment and an additional 7.9 GW of manufacturing capacity in the US. This includes a previously <a href="https://www.mercomindia.com/first-solar-1-billion-revolving-credit-facility" target="_blank" rel="noopener">announced</a> $1.3 billion investment in a 3.5 GW manufacturing facility in Alabama and a 0.9 GW expansion of its existing facility in Ohio, both of which are expected to be completed by the end of 2024.</p>
<p>First Solar had also committed up to $370 million for a dedicated research and development innovation center in Perrysburg, Ohio, anticipated to be completed in 2024.</p>
<p>The completion of the new facility in 2026 is contingent upon obtaining the necessary permits and approvals.</p>
<p>Recently, First Solar <a href="https://www.mercomindia.com/first-solar-acquires-perovskite-firm-evolar" target="_blank" rel="noopener">acquired</a> Evolar AB, a Sweden-based company focused on perovskite technology, for an initial payment of around $38 million, with an agreement for potential additional payment of up to $42 million based on future technical milestones.</p>


First Solar to Invest $1.1 Billion for a New Manufacturing Facility in the US

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