Canadian Solar Plans Jeffersonville, Indiana, Production Operations
The new solar photovoltaic cell manufacturing facility will have an annual output of 5 GW, equivalent to roughly 20,000 high-power modules per day. Production is scheduled to begin by the end of 2025.
"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,” said Thomas Koerner, Senior Vice President of Canadian Solar. “This is the second of the anticipated long-term investments we expect to make in the U.S. as we think strategically about a local, sustainable and clean energy supply chain and to fulfill the long-term requirements of the local-content rules of the recently established IRA. We thank the State of Indiana, Clark County, and the City of Jeffersonville for their critical support and look forward to working with them as we grow."
The Indiana Economic Development Corporation (IEDC) has offered Canadian Solar up to $9.7 million in conditional tax credits, up to $400,000 in training grants, up to $2 million in redevelopment tax credits, and up to $200,000 in Manufacturing Readiness Grants. The incentives are performance-based, which means the company will not be eligible to claim the incentives until Hoosier workers are hired for the new jobs and investments are made.
"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," noted 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."
The city of Jeffersonville and the River Ridge Development Authority have offered additional incentives for the project.
"This is a historic investment in River Ridge and Southern Indiana," added Jerry Acy, Executive Director of the River Ridge Development Authority. "The technologies of the future are being built right here at River Ridge. I want to thank Dr. Shawn Qu and his team at Canadian Solar for their commitment to our region. We look forward to a successful partnership that will launch the next generation of solar power."
Ontario-based Canadian Solar Inc. and its subsidiaries manufacture solar PV modules and are involved in a number utility-scale power projects and in supporting the installation of solar energy. The company currently has manufacturing facilities in Canada, China, Brazil and South East Asian countries.
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