Current:Home > My$1.1 billion solar panel manufacturing facility planned for Louisiana’s Iberia Parish -AssetTrainer
$1.1 billion solar panel manufacturing facility planned for Louisiana’s Iberia Parish
View
Date:2025-04-27 16:42:51
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! (61962)
Related
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Stock market today: Asian shares meander, tracking Wall Street’s mixed finish as dollar surges
- ‘COP Fatigue’: Experts Warn That Size and Spectacle of Global Climate Summit Is Hindering Progress
- California man allegedly shot couple and set their bodies, Teslas on fire in desert
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- 'Full House' star Dave Coulier diagnosed with stage 3 cancer
- Zendaya Shares When She Feels Extra Safe With Boyfriend Tom Holland
- College Football Fix podcast addresses curious CFP rankings and previews Week 12
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Mega Millions winning numbers for November 12 drawing: Jackpot rises to $361 million
Ranking
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- John Krasinski Details Moment He Knew Wife Emily Blunt Was “the One”
- Tech consultant testifies that ‘bad joke’ led to deadly clash with Cash App founder Bob Lee
- John Krasinski is People's Sexiest Man Alive. What that says about us.
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Arbitrator upholds 5-year bans of Bad Bunny baseball agency leaders, cuts agent penalty to 3 years
- College Football Fix podcast addresses curious CFP rankings and previews Week 12
- Exclusive Yankee Candle Sale: 50% Off Holiday Candles for a Limited Time
Recommendation
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Mike Tomlin's widely questioned QB switch to Russell Wilson has quieted Steelers' critics
Just Eat Takeaway sells Grubhub for $650 million, just 3 years after buying the app for $7.3 billion
John Krasinski Details Moment He Knew Wife Emily Blunt Was “the One”
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
The results are in: Peanut the Squirrel did not have rabies, county official says
Prosecutors say some erroneous evidence was given jurors at ex-Sen. Bob Menendez’s bribery trial
Stock market today: Asian shares meander, tracking Wall Street’s mixed finish as dollar surges