Utility Dive•4 days ago
Trade, policy ‘headwinds’ push First Solar to boost US production
Key Takeaway
First Solar's substantial US manufacturing expansion, driven by policy, enhances domestic solar module supply chain stability and offers developers and large consumers opportunities for domestic content compliance.
AI Summary
- •First Solar is significantly expanding its US manufacturing footprint, adding 3.7 GW of annual finishing capacity by December 2026.
- •This expansion is a direct response to trade and policy 'headwinds,' likely including incentives from the Inflation Reduction Act (IRA) and tariffs on imported modules.
- •Increased domestic solar module production offers developers and large power consumers a more secure and resilient supply chain, potentially mitigating price volatility and geopolitical risks.
- •The new US capacity supports projects aiming for domestic content bonuses or seeking to reduce reliance on international supply chains.
Topics
solarpolicyiraoem