Strategic Move: Facility Acquisition in Ohio
First Solar, Inc. (Nasdaq: FSLR) has successfully acquired a 1.2 million square foot facility in Troy Township, Ohio, formerly known as Peloton Output Park.
Purposeful Repurposing for Enhanced Logistics
The acquired facility is set to undergo repurposing, transforming into a state-of-the-art distribution center catering to First Solar’s Ohio manufacturing footprint.
Driving Efficiency and Growth
Mike Koralewski, Chief Supply Chain Officer of First Solar, emphasized the strategic importance of the facility to scale logistics capabilities in alignment with manufacturing growth.
Long-term Vision: Potential Satellite Manufacturing Hub
Looking ahead, the flexible space offered by the facility opens possibilities for future use as a light-scale satellite manufacturing location, supporting Ohio factories and R&D centers.
In addition to this acquisition, First Solar plans to expand its Ohio footprint to over 7 GW of annual nameplate capacity this year. The company also anticipates investing over $2 billion in new manufacturing facilities in Alabama and Louisiana, with a goal of achieving 14 GW of fully integrated US solar manufacturing capacity by 2026. Furthermore, a dedicated R&D innovation center in Perrysburg, Ohio, with an investment of up to $370 million, is on track for completion in 2024.
First Solar’s strategic moves reflect a commitment to sustainable solar technologies and a significant contribution to the fight against climate change.
Source：businesswire.com
