First solar to invest $680m in expanding american solar manufacturing capacity by 3.3 gw

Tempe, ariz., june 09, 2021 (globe newswire) -- first solar, inc. (nasdaq: fslr) today announced that it will invest $680 million to expand america's domestic photovoltaic (pv) solar manufacturing capacity by 3.3 gigawatts (gw)dc annually, representing an implied capital expenditure of approximately $0.20 per watt. the company intends to fund construction of its third us manufacturing facility, in lake township, ohio, with existing cash resources.
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