Canadian Solar Inc (NASDAQ:CSIQ) has officially opened its 5-GW factory for assembling Tunnel Oxide Passivated Contact (TOPCon) photovoltaic (PV) modules in Texas, the US.
The new plant was inaugurated at a ceremony attended by local city and county representatives, clients and partners of the manufacturing group. The milestone was announced in a social media post by Thomas Koerner, corporate senior vice president at Canadian Solar.
Located in Mesquite, the factory has the capacity to manufacture around 20,000 PV modules per day with a 1,500-strong workforce. When it first unveiled plans for the project last June, Canadian Solar said the overall investment was estimated at USD 250 million (EUR 231.5m).
The PV manufacturer, which also has plans for a 5-GW solar cell production base in Indiana, has already started receiving orders for the Texas plant’s output. In March, it sealed a framework agreement to supply a significant amount of modules to renewables firm Sol Systems in the period 2024-2025.
(USD 1.0 = EUR 0.925)
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