CdTe thin-film solar panel manufacturer Toledo Solar formally announced its plans to expand its U.S. manufacturing capacity at its Ohio plant to 2.8 GW by 2027. The company currently runs a 100-MW line for residential and commercial projects.
Toledo Solar, like nearby manufacturer First Solar, will be able to take advantage of the full suite of tax credits offered to solar panel manufacturers in the Inflation Reduction Act. The thin-film companies make wafers, cells and modules in-house.
“We are excited to continue our commitment to investing in U.S. solar manufacturing right here in Ohio,” said Aaron Bates, founder and CEO of Toledo Solar. “Now that Congress and President Biden have moved forward to protect American jobs by fighting the use of slave labor overseas with the enforcement of the Uyghur Act and the leveling of the playing field in solar with the passage of the Inflation Reduction Act, Toledo Solar is going to match that dedication by committing to our domestic expansion. We are grateful for the leadership of representatives Marcy Kaptur, Tim Ryan and Sherrod Brown, Secretary Jennifer Granholm, and the Biden-Harris administration for their efforts to advance the country’s renewable energy capacity for generations.”
Bates told Solar Power World that Toledo Solar should reach 300 MW within a year, with additional expansion milestones dependent on financing.