First Solar Selects Alabama for Fourth American Manufacturing Facility

• Planned facility is part of previously announced investment in scaling US manufacturing
• Investment of approximately $1.1 billion in 3.5 GW_DC manufacturing facility in Lawrence County
• Expected to be commissioned by 2025, facility to create over 700 new direct manufacturing jobs
  

MONTGOMERY, Ala. and TEMPE, Ariz., Nov. 16, 2022 (GLOBE NEWSWIRE) -- First Solar, Inc. (Nasdaq: FSLR) today announced that it has selected Lawrence County, North Alabama, as the location for its fourth American photovoltaic (PV) solar module manufacturing facility. The new factory is part of a previously announced investment in scaling First Solar’s American manufacturing footprint to over 10 gigawatts (GW)_DC by 2025, and is expected to create over 700 new direct jobs in the state.

The planned factory in Lawrence County’s Mallard Fox Industrial Park represents an investment of approximately $1.1 billion and is expected to be commissioned by 2025, with a planned annual capacity of 3.5 GW_DC. The new fully vertically integrated facility will join three factories in Ohio, including one that is scheduled to come online in the first half of 2023, to form part of First Solar’s expanded domestic manufacturing footprint.

“First Solar is a world-class manufacturer, and its solar modules are poised to play an increasingly important role in US energy self-sufficiency,” said Governor of Alabama, Kay Ivey. “I’m thrilled to see the company’s growth project headed to Lawrence County because I know it will create good jobs and have a major economic impact on this rural region.”

The new facility is expected to advance a strategic push by the company to scale its US manufacturing base in support of the effort to decarbonize the American economy and achieve self-sufficiency in reliable and competitive renewable energy technologies.

“The passage of the Inflation Reduction Act of 2022 has firmly placed America on the path to a sustainable energy future,” said Mark Widmar, chief executive officer, First Solar. “This facility, along with its sister factories in Ohio, will form part of the industrial foundation that helps ensure this transition is powered by American innovation and ingenuity.”

Designed and developed at its research and development (R&D) centers in California and Ohio, First Solar’s advanced thin film PV modules set industry benchmarks for quality, durability, reliability, design, and environmental performance.

Widmar added, “Our commitment to Responsible Solar includes operating facilities that are among the cleanest, safest, and most diverse in the country, and we’re pleased to bring our model of responsible solar manufacturing to Alabama. We are proud of the role that this facility will play in creating stable, good-paying manufacturing jobs in the state, demonstrating the economic and social value that clean energy can deliver.”