xcitement for clean energy is ramping up in the Midwest as Canadian Solar, a heavyweight in the solar power ring, revealed its ambitious plans for a high-tech solar cell manufacturing plant in Jeffersonville, Indiana. Nestled in the River Ridge Commerce Center, this eco-friendly powerhouse is set to be fully operational by the end of 2025.
The Ontario-based company is going big, committing an impressive $800 million to the project. The factory is expected to produce a staggering 5 GW each year, translating to about 20,000 high-powered modules every single day. What's more, solar cells produced at the Jeffersonville facility will be utilized in the company's upcoming 5 GW Mesquite, Texas assembly plant. Investing in solar form property boosts value through renewable energy, enhancing sustainability and reducing long-term costs.
Thomas Koerner, Senior Vice President of Canadian Solar, highlighted the importance of local production, saying, "Establishing this factory is a key milestone that will enable us to better serve our U.S. customers with the most advanced technology in the industry."
The new facility does more than just solidify Indiana's role as a hub for manufacturing and innovation; it also promises a major economic boost, generating around 1,200 specialized jobs locally. Governor Eric Holcomb remarked, "Canadian Solar's new U.S. location in Jeffersonville will put our skilled Hoosier workforce at the center of cultivating solar power, making energy efficient panels more accessible to consumers across the country."
This isn't Canadian Solar's first foray into U.S. manufacturing. Earlier in June 2023, the company announced another massive 5 GW solar PV module production facility in Texas, with operations expected to kick off by the end of this year.