Current:Home > Contact$1.1 billion solar panel manufacturing facility planned for Louisiana’s Iberia Parish -Nova Finance Academy
$1.1 billion solar panel manufacturing facility planned for Louisiana’s Iberia Parish
View
Date:2025-04-14 07:06:33
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! (47)
Related
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- US steps up warnings to Guatemalan officials about election interference
- Biden’s dog Commander has bitten Secret Service officers 10 times in four months, records show
- 'Haunted Mansion' review: Don't expect a ton of chills in Disney's safe ghost ride
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Pedestrians scatter as fire causes New York construction crane’s arm to collapse and crash to street
- Department of Education opens investigation into Harvard University's legacy admissions
- Heirloom corn in a rainbow of colors makes a comeback in Mexico, where white corn has long been king
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Love the outrageous costumes from ‘The Righteous Gemstones?’ Get the look for yourself.
Ranking
- Federal hiring is about to get the Trump treatment
- Comedian Dave Chappelle announces fall dates for US comedy tour
- Families sue to block Missouri’s ban on gender-affirming health care for kids
- Oppenheimer’s Cillian Murphy Wants to Star in Barbie 2
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Traps removed after no sign of the grizzly that killed a woman near Yellowstone
- London jury acquits Kevin Spacey of sexual assault charges on his birthday
- Women's World Cup 2023: Meet the Players Competing for Team USA
Recommendation
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Chinese and Russian officials to join North Korean commemorations of Korean War armistice
Greece remains on 'high alert' for wildfires as heat wave continues
Prosecutors charge woman who drove into Green Bay building with reckless driving
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
The IRS has ended in-person visits, but scammers still have ways to trick people
Alaska board to weigh barring transgender girls from girls’ high school sports teams
‘Our own front line’: Ukrainian surgeons see wave of wounded soldiers since counteroffensive began