CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Canadian Solar to build $800m manufacturing facility in Indiana

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Canadian Solar's announced $800 solar cell production facility in Indiana will be capable of producing 20,000 high-power solar panels per day. PHOTO courtesy Canadian Solar.

Canadian Solar, a provider of solar power products, services and system solutions, is expanding its global manufacturing footprint with a new solar photovoltaic (PV) cell production facility in Indiana.

This marks the company’s second solar module production facility in the U.S. It’s looking to spend a projected $800 million to construct and equip the PV cell manufacturing plant at the River Ridge Commerce Center in Jeffersonville. It’s anticipated the new plant will have an annual output of 5GW – equivalent to approximately 20,000 high-power solar panels per day. The plant is expected to be operational by the end of 2025.

Canadian Solar will ship the finished cells from its Indiana plant to its new module assembly facility in Texas.

“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 Dr. Shawn Qu, founder and CEO of Canadian Solar, emphasizing the importance of this new facility. “This is the second of the anticipated long-term investments we expect to make in the U.S. as we think strategically about a sustainable and resilient clean energy supply chain.”

The Indiana and Texas plants are part of Canadian Solar’s global manufacturing footprint which includes facilities in Canada, Brazil, China, Vietnam and Thailand.

“The city of Jeffersonville is pleased that Canadian Solar has chosen River Ridge Commerce Center as home for their newest critical production facility in the United States,” said Jeffersonville Mayor Mike Moore. “Not only are they making a large financial investment into our community, but they will also become one of the largest single-site employers in the Greater Louisville region. When in full production, their total employment base will include over 150 engineers at this facility.”

The Indiana Economic Development Corporation committed an investment in Canadian Solar of up to $9.7 million in the form of conditional tax credits and up to $400,000 in conditional training grants. The IEDC also committed an investment of up to $2 million in conditional redevelopment tax credits based on the company’s investment plans and up to $200,000 in Manufacturing Readiness Grants. These incentives are performance-based, meaning the company is eligible to claim state benefits once investments are made and employees are hired and trained. The City of Jeffersonville and the River Ridge Development Authority offered additional incentives.

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