FORBES: Inflation Reduction Act Two Years Later: Clean Manufacturing Investment Boom

In June 2023, Canadian Solar announced they would create 1,500 jobs and invest over $250 million into a Mesquite, Texas facility. With an annual output of 5 gigawatts (GW) of solar modules, or approximately 20,000 a day, the Inflation Reduction Act (IRA) spurred Canadian Solar to set up their first manufacturing facility in the U.S. “We are…excited to see the Inflation Reduction Act, or IRA, in the U.S. coming into effect. We believe it will drive a big acceleration in demand for clean energy, especially for solar energy and battery storage," said Dr. Shawn Qu, Chairman and CEO of Canadian Solar in September 2022.

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