Italian solar panel maker Enel Group has chosen Inola, Okla., to locate its first U.S.-based plant. The intention to build the $1-billion plant, announced last November, is considered a sign that federal and state economic incentives are enticing foreign companies to invest in the American renewable energy market.
Construction is expected to start this fall on the 2 million-sq-ft facility. Production and sale of the photovoltaic panels is anticipated by the end of next year. The facility is expected to reach 3 GW annual capacity in 2025, with possible expansion to 6 GW.