Current:Home > My$1.1 billion solar panel manufacturing facility planned for Louisiana’s Iberia Parish -Dynamic Wealth Solutions
$1.1 billion solar panel manufacturing facility planned for Louisiana’s Iberia Parish
View
Date:2025-04-15 01:38:09
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! (8262)
Related
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- New Red Lobster CEO dined as a customer before taking over: Reports
- ‘I’m living a lie': On the streets of a Colorado city, pregnant migrants struggle to survive
- Department of Justice sues Maine for treatment of children with behavioral health disabilities
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Miami Dolphins’ Tyreek Hill Speaks Out After Being Detained by Police Hours Before Game
- Miami Dolphins’ Tyreek Hill Speaks Out After Being Detained by Police Hours Before Game
- US investigating reports that some Jeep SUVs and pickups can catch fire after engines are turned off
- What do we know about the mysterious drones reported flying over New Jersey?
- Trump signals support for reclassifying pot as a less dangerous drug, in line with Harris’ position
Ranking
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- 'The Room Next Door' wins Venice Film Festival's Golden Lion for best picture
- The Bachelorette’s Jenn Tran Reunites With Jonathon Johnson After Devin Strader Breakup
- Why Paris Hilton Doesn’t Want Her Kids to Be Famous
- Trump's 'stop
- Woman missing for 12 days found alive, emaciated, in remote California canyon
- Atlanta Falcons wear T-shirts honoring school shooting victims before season opener
- Bruce Springsteen and the E Street Band still rock, quake and shake after 50 years
Recommendation
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
Roblox set to launch paid videogames on its virtual platform
House Republicans push to link government funding to a citizenship check for new voters
Texas is real No. 1? Notre Dame out of playoff? Five college football Week 2 overreactions
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Lower rates are coming. You should check your CD rates now to keep earning, experts say.
Mourners attend funeral for American activist witness says was shot dead by Israeli troops
Anna Nicole Smith’s Daughter Dannielynn Gets Gothic Makeover for Her 18th Birthday