First Solar to Accelerate American Thin Film PV Innovation with $270 Million Investment
First Solar, Inc. (Nasdaq: FSLR) today announced that it plans to invest approximately $270 million in a dedicated research and development (R&D) innovation center in Perrysburg, Ohio. The new facility is believed to be the first of its scale in the United States and is expected to accelerate American leadership in the development and production of advanced thin film photovoltaics (PV).
The new R&D center will be located near First Solar’s existing Perrysburg manufacturing facility, covering an area of approximately 1.3 million square feet. It will feature a high-tech pilot manufacturing line allowing for the production of full-sized prototypes of thin film and tandem PV modules. Contigent upon permitting and pending approval of various state, regional and local incentives, the facility is expected to be completed in 2024.
“With a record shipment backlog and consistent demand for our modules, we face the twin challenges of optimizing existing and planned production capacity to deliver on our commitments, while ensuring that our technology roadmap does not lose momentum,” said Mark Widmar, chief executive officer, First Solar. “This investment allows us to create an R&D sandbox separate from our commercial manufacturing operations, ensuring that we can accelerate innovation without the cost of taking mission-critical tools offline.”
First Solar, which has already invested over $1.5 billion in R&D, currently operates a dual purpose manufacturing line at its Perrysburg facility which handles both commercial production of solar modules and the company’s product development efforts. The line, however, cannot handle both activities simultaneously.
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