First Solar has acquired 1.2 million square foot facility located in Troy Township, Ohio.
Formerly known as Peloton Output Park, the facility is slated for a transformation into a distribution center to cater to First Solar’s growing Ohio manufacturing operations.
First Solar has three manufacturing facilities in the state, collectively boasting an annual nameplate capacity of approximately 6 gigawatts (GW).
“We intend to utilize this facility as a dedicated distribution hub, ensuring the seamless and timely dispatch of modules to our customers,” Mike Koralewski, Chief Supply Chain Officer of First Solar, said.
This move aligns with First Solar’s commitment to optimizing logistics operations, cutting operational costs, and aligning with overarching cost reduction roadmap.
First Solar is set to substantially expand its Ohio manufacturing footprint, surpassing 7 GW of annual nameplate capacity this year.
First Solar is committing to significant investments, exceeding $2 billion, in new manufacturing facilities situated in Alabama and Louisiana. By 2026, First Solar aims to achieve an impressive 14 gigawatts of fully vertically integrated solar manufacturing capacity in the United States.
First Solar is channeling substantial resources, up to $370 million, into the establishment of a dedicated Research and Development (R&D) Innovation Center in Perrysburg, Ohio. This project is anticipated to reach completion by the year 2024, solidifying First Solar’s commitment to advancing solar technology and innovation on a global scale.