Indiana: Solar Panel Factory Investment by Canadian Solar

By: | November 27th, 2023

The Canadian solar PV module manufacturing company Canadian Solar Inc. will build an $800 million factory in Indiana, US. The state-of-the-art plant will be located at the River Ridge Commerce Center in Jeffersonville, north of Louisville, Kentucky. Once completed by the end of 2025, this solar cell factory with an annual output of 5 GW will employ 1,200 professionals and have the capacity to produce 20,000 high-power modules per day. After production, the solar cells will be relocated to Mesquite, Texas, where the company’s module manufacturing plant was previously announced in June.

As said by the founder and CEO of Canadian Solar, Dr. Shawn Qu, “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,

Canadian Solar plans to start the hiring process in mid-2024 and ramp up at the beginning of 2025. The company will be provided with up to $9.7 million in conditional tax credits and up to $400,000 in conditional training grants from the Indiana Economic Development Corporation, both available upon completion of the project, hiring staff, and providing the training.

Indiana’s strong advanced manufacturing sector positions the state to help lead the global energy transition, developing and powering new solutions in batteries, solar and hydrogen,” said Governor Eric Holcomb. “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.

Ashton Henning

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