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First Solar to Invest $1.2 Billion in U.S. Plants, Spurred by Climate Law

The largest U.S. solar-panel maker mentioned it plans to spend as a lot as $1.2 billion to enhance manufacturing capability at house by round 75%—the newest in a surge of home clean-energy investments spurred by the not too long ago handed local weather and healthcare laws.

On Tuesday, Tempe, Ariz.-based First Solar mentioned it could make investments up to $1 billion in a brand new manufacturing unit in the southeastern U.S. that may ultimately have the opportunity to make 3.5 gigawatts of panels every year and $185 million in expansions the corporate now plans at factories in Ohio.

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