Canadian Solar to Build $800M Indiana PV Cell Plant
Canadian Solar plans to build an $800-million solar photovoltaic cell manufacturing plant in Jeffersonville, Ind.
The plant will be based at the River Ridge Commerce Center. Jeffersonville is part of suburban Louisville, Ky.
“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, Canadian Solar’s senior vice-president, in a news release. “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 fullfill the long-term requirements of the local-content rules of the recently established [Inflation Reduction Act].”
Production is expected to start by year-end 2025. The facility will produce PV cells with an annual output of five gigawatts, equivalent to approximately 20,000 high-power modules per day.
Guelph, Ont.-based Canadian Solar said the cells produced in Jeffersonville will be used at the company’s five-gigawatt-module assembly plant in Mesquite, Texas.
Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate.
Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s.
In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star.
Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.