Current:Home > Markets$1.1 billion solar panel manufacturing facility planned for Louisiana’s Iberia Parish -Secure Horizon Growth
$1.1 billion solar panel manufacturing facility planned for Louisiana’s Iberia Parish
View
Date:2025-04-14 18:39:16
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! (521)
Related
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- 10 injured, including children, after house collapsed in Syracuse, New York, officials say
- New Boeing whistleblower alleges faulty airplane parts may have been used on jets
- Congressional Budget Office raises this year’s federal budget deficit projection by $400 billion
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Justin Timberlake's Attorney Speaks Out on DWI Arrest
- Disney settles Magic Key class action lawsuit, find out if you qualify
- NBA Draft is moving to two nights in 2024. Here's what to know about this year's edition.
- A South Texas lawmaker’s 15
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Key West
Ranking
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- A Missouri mayor says a fight over jobs is back on. Things to know about Kansas wooing the Chiefs
- Nurses in Oregon take to the picket lines to demand better staffing, higher pay
- Matt Grevers, 39, in pool for good time after coming out of retirement for Olympic trials
- Don't let hackers fool you with a 'scam
- Track legend Carl Lewis says no one can break Olympics record he holds with Jesse Owens
- Chrissy Teigen Claps Back Over Her Dirty Bath Water Video
- These $14.99 Home Finds From Kandi Burruss Aren't Just Known in Atlanta, They're Worldwide
Recommendation
2 killed, 3 injured in shooting at makeshift club in Houston
Mom of transgender girl athlete says Florida’s investigation has destroyed her daughter’s life
Tropical Storm Alberto forms in southwest Gulf, 1st named storm of the hurricane season
Anouk Aimée, Oscar-nominated French actress, dies at 92
Global Warming Set the Stage for Los Angeles Fires
US acknowledges Northwest dams have devastated the region’s Native tribes
Republicans block bill to outlaw bump stocks for rifles after Supreme Court lifts Trump-era ban
California fines Amazon nearly $6M, alleging illegal work quotas at 2 warehouses