Enel to Invest Over $1 Billion in Solar-Panel Factory in Oklahoma
May 22 2023 - 10:49AM
Dow Jones News
By Giulia Petroni
Italy's Enel is set to invest more than $1 billion in an
industrial-scale solar cell and panel manufacturing facility in
Oklahoma, U.S.
The factory is expected to have annual production capacity of 3
gigawatts, the energy group said on Monday, adding the project
envisages the possibility of scaling to 6 GW.
Construction should begin in the fall, subject to final
approvals and permits, with the first panels possibly becoming
available to the market by the end of next year, according to
Enel.
"The planned factory will be among the first in the United
States to produce solar cells, the fundamental building block of PV
[photovoltaic] modules," Enel said. The facility will be located
about 25 miles east of Tulsa and create around 1,000 new jobs by
2025.
Enel selected the site through its North American subsidiary and
its affiliate 3Sun USA.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
May 22, 2023 10:34 ET (14:34 GMT)
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