First Solar to Build 250MW Module Factory in Arizona

First Solar, Inc. (Nasdaq: FSLR) announced Thursday it will build its new U.S. manufacturing center in Mesa, Ariz.

First Solar will invest about $300 million in the factory, which will create approximately 600 renewable energy jobs and will include four manufacturing lines with a capacity to produce more than 250 megawatts (MW) of advanced thin-film photovoltaic (PV) modules per year.

The new factory, in combination with First Solar’s recently expanded facility in Perrysburg, Ohio, will increase First Solar’s U.S. production capacity to more than 500 MW per year.

Construction will begin in 2Q11 and is expected to last a year, creating an average of 400-500 construction jobs. Module shipments are scheduled to begin in 3Q12.

The facility is located on a 135-acre site that was previously home to a General Motors vehicle testing facility and is designed to accommodate future expansion. The facility will include a 3MW rooftop solar installation as well as an extensive ground-mounted PV testing facility.

The factory will utilize First Solar’s continuous manufacturing process which transforms a sheet of glass into a complete solar module in less than 2.5 hours.

"Supportive state and federal policies have provided the visibility needed for the U.S. to become our fastest-growing market, and the Mesa factory will enable us to meet that growing demand," said Bruce Sohn, President of First Solar. "Programs such as Department of Energy loan guarantees and the solar investment tax credit are crucial to helping the renewable energy industry quickly reach the scale needed to compete with fossil fuels. Over the long-term, programs like these facilitate the market growth and investment that will support the future expansion of this factory."

The new Mesa facility is approximately 30 minutes from First Solar’s corporate headquarters in Tempe, Ariz. First Solar also is currently building two utility-scale PV projects in Arizona, the 290MW Agua Caliente project in Yuma County for NRG Energy and the 17MW Paloma Solar Plant in Gila Bend for APS, which are expected to create more than 500 clean energy jobs.

First Solar’s North American project pipeline includes more than 2.4 gigawatts (GW) of projects expected to create approximately 2,000 construction jobs and drive $6 billion of infrastructure investment over three years.

Like all of its PV modules, the entire production output of the Mesa factory will be part of First Solar’s comprehensive, prefunded solar module collection and recycling program, the first of its kind in the industry. Anyone wishing to dispose of First Solar modules can request collection at any time, at no additional cost, and First Solar will pick up the modules and recycle up to 90% (by mass) of the material for use in new products, including new solar modules and new glass products.

Learn about investing in First SOlar and other green stocks by subscribing to our acclaimed newsletter, Progressive Investor.

Website: http://www.firstsolar.com     
(Visited 3,995 times, 7 visits today)

Post Your Comment

Your email address will not be published. Required fields are marked *