First Solar Acquires Peloton Output Park for $33 Million
TROY TOWNSHIP, OH—On January 19, First Solar announced that it acquired a 1.2 million square foot facility in Troy Township, Ohio. The facility, formerly known as Peloton Output Park, is expected to be repurposed into a new distribution center serving First Solar’s Ohio manufacturing footprint, which comprises three manufacturing facilities with a combined annual nameplate capacity of approximately 6 gigawatts (GW) of capacity at the end of 2023.
“As we prepare to expand our Ohio capacity by almost a gigawatt this year, there’s a need for our logistics and distribution capabilities to scale to match manufacturing growth,” said Mike Koralewski, chief supply chain officer of First Solar. “We intend to use this facility to ensure the efficient and timely shipping of modules to our customers, repurposing it into a dedicated distribution hub for the largest solar manufacturing footprint in the Western Hemisphere. We expect that this approach will allow us to streamline logistics operations, while reducing operating costs and contributing to our cost reduction roadmap.”