Current:Home > News$1.1 billion solar panel manufacturing facility planned for Louisiana’s Iberia Parish -ForexStream
$1.1 billion solar panel manufacturing facility planned for Louisiana’s Iberia Parish
View
Date:2025-04-14 06:19:36
BATON ROUGE, La. (AP) — The largest solar energy manufacturer in the Western Hemisphere is planning to build a $1.1 billion facility in southwest Louisiana, the governor’s office said.
First Solar’s site will be located at the Acadiana Regional Airport in Iberia Parish, Edwards’ office said Thursday in a news release. The project is expected to create about 700 jobs and have an annual payroll of at least $40 million, officials said.
“First Solar’s selection of Iberia Parish for its newest solar panel production facility leaves no doubt that Louisiana is leading the global energy transition, and creating good-paying jobs as a result,” Gov. John Bel Edwards’ office said. “It is proof positive that Louisiana’s ‘all-of-the-above’ approach to energy is growing and diversifying our economy.”
The facility will produce high-performance photovoltaic solar modules that are expected to be made with all U.S.-made components, the governor’s office said. The project is expected to be completed in the first half of 2026.
“We are pleased to partner with Louisiana as we lean into our commitment to creating enduring value for America by expanding our solar manufacturing footprint and the domestic value chains that enable it,” said First Solar Chief Executive Officer Mark Widmar. “Louisiana’s ability to deliver the talent we need stood out, thanks to its extensive workforce development initiatives and the presence of academic institutions such as the University of Louisiana at Lafayette, which now features a world-class solar energy lab.”
The state offered the company an incentives package that included performance-based grants for site development and infrastructure improvements totaling $30 million. Iberia Parish and the Iberia Economic Development Authority are also committing to fund water and wastewater infrastructure.
Iberia Parish President M. Larry Richard, in a news release, said the project is a “game-changer.”
“We appreciate First Solar’s major investment and look forward to welcoming this international organization to the nation’s energy corridor,” Richard said.
Founded in 1999, First Solar is a leading American-based energy technology company and global provider of eco-efficient solar modules. The company is unique among the world’s 10 largest solar panel manufacturers as the only company with a U.S. headquarters and without a base of operations in China.
veryGood! (124)
Related
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- J.J. McCarthy's season-ending injury is a setback, but Vikings might find upside
- 'Rust' movie director Joel Souza breaks silence on Alec Baldwin shooting: 'It’s bizarre'
- Miami father, 9-year-old son killed after Waverunner slams into concrete seawall in Keys
- Louvre will undergo expansion and restoration project, Macron says
- Jim Harbaugh wants to hire Colin Kaepernick to Chargers' coaching staff. Will the QB bite?
- Stuffed or real? Photos show groundhog stuck inside claw machine
- Biden to designate 1908 Springfield race riot site as national monument
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Democrats try to block Green Party from presidential ballot in Wisconsin, citing legal issues
Ranking
- In ‘Nickel Boys,’ striving for a new way to see
- Hideki Matsuyama will be without regular caddie, coach after their passports and visas were stolen
- Pro-Palestinian protesters who blocked road near Sea-Tac Airport to have charges dropped
- The State Fair of Texas is banning firearms, drawing threats of legal action from Republican AG
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Usher concert postponed hours before tour opener in Atlanta
- Jordan Chiles Breaks Silence on Significant Blow of Losing Olympic Medal
- Planning a Girls’ Night Out in NYC? Here’s What You Need to Make It Happen
Recommendation
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Back Channels
NFL's new 'dynamic' kickoff rules are already throwing teams for a loop
See Travis Kelce Make His Acting Debut in Terrifying Grotesquerie Teaser
2 killed, 3 injured in shooting at makeshift club in Houston
Judge tells Google to brace for shakeup of Android app store as punishment for running a monopoly
Gabourey Sidibe Shares Sweet Photo of Her 4-Month-Old Twin Babies
Planning a Girls’ Night Out in NYC? Here’s What You Need to Make It Happen