Current:Home > Scams$1.1 billion solar panel manufacturing facility planned for Louisiana’s Iberia Parish -CapitalTrack
$1.1 billion solar panel manufacturing facility planned for Louisiana’s Iberia Parish
View
Date:2025-04-12 04:30:00
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! (2)
Related
- Meta releases AI model to enhance Metaverse experience
- Teacher still missing after Helene floods pushed entire home into North Carolina river
- Human connections bring hope in North Carolina after devastation of Helene
- Messi, Inter Miami to open playoffs at home on Oct. 25. And it’ll be shown live in Times Square
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Amazon, Target and other retailers are ramping up hiring for the holiday shopping season
- Heartbreak across 6 states: Here are some who lost lives in Hurricane Helene
- NHL predictions for 2024-25 season: Who will win Stanley Cup, top awards?
- Senate begins final push to expand Social Security benefits for millions of people
- I Live In a 300 Sq. Ft Apartment and These Amazon Finds Helped My Space Feel Like a Home
Ranking
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- 'I am going to die': Video shows North Dakota teen crashing runaway car at 113 mph
- Pete Rose's longtime teammate Tony Perez opens up about last visit with baseball icon
- Influential prophesizing pastors believe reelecting Trump is a win in the war of angels and demons
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- How Dax Shepard Reacted to Wife Kristen Bell's Steamy Scenes With Adam Brody in Nobody Wants This
- Powerball winning numbers for October 2: Jackpot rises to $275 million
- Biltmore Estate remains closed to recover from Hurricane Helene damage
Recommendation
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
Pauley Perrette of 'NCIS' fame says she won't return to acting. What's stopping her?
Shawn Mendes Clarifies How He Feels About Ex Camila Cabello
The fate of Nibi the beaver lands in court as rescuers try to stop her release into the wild
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Biden arrives in SC amid states' grueling recovery from Helene: Live updates
Owners of certain Chevrolet, GMC trucks can claim money in $35 million settlement
Spider lovers scurry to Colorado town in search of mating tarantulas and community