Three months after President Joe Biden signed a sweeping climate law, several cleantech companies have moved forward with new US manufacturing factories that will cost at least $16.2 billion, according to data compiled by Bloomberg.
The latest: First Solar Inc. and Italian utility giant Enel SpA. First Solar, the largest US panel maker, said Wednesday that it plans to build a <-bsp-bb-link state="{"bbDocId":"RLGBAUT1UM0Z","_id":"00000184-878a-dc5a-ad8f-cfaf0b590002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">$1.1 billion factory-bsp-bb-link> in Alabama. Enel, a major clean-power developer, said Thursday that it also <-bsp-bb-link state="{"bbDocId":"RLHZOWT0G1KX","_id":"00000184-878a-dc5a-ad8f-cfaf0b590003","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">expects to build-bsp-bb-link> a US plant.
The Inflation Reduction Act offers generous incentives to support new domestic solar, battery and electric-vehicle factories. Some ...