US-headquartered First Solar plans to invest up to $1.2 billion in scaling production of American-made, responsibly-produced photovoltaic (PV) solar modules, the company announced Tuesday.
The investment is expected to expand the company鈥檚 ability to produce American-made solar modules for the US solar market to over 10 gigawatts (GW) by 2025.
Also, in this timeframe, the company aims to support an estimated 15,000 indirect and induced jobs from its ongoing and future manufacturing operations.
The decision strives to support the country鈥檚 transition to a decarbonized future and help the fight against climate change.
By Gulsen Cagatay
Anadolu Agency
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