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First Solar Developing $1.1B Solar Manufacturing Facility in Louisiana 8/11/2023

First Solar has decided to develop its next fully vertically integrated solar manufacturing facility at the Acadiana Regional Airport in Iberia Parish, Louisiana.  The $1.1 billion facility will have a nameplate manufacturing capacity of 3.6 GW and should be online in the first half of 2026.  The company’s current projects include the development of 12 GW in new nameplate manufacturing capacity in the US & India that will phase online from the second half of 2023 to 2025.

Notably, First Solar expects the investment to create more than 700 direct manufacturing jobs within Louisiana.  First Solar’s workforce is expected to rise from its current 2,500 to more than 4,000 by 2026 as they expand operations in Louisiana, Alabama and Ohio. 

YPFB Makes Significant Oil, Natural Gas Discovery in Bolivia 8/8/2023

Bolivia's state-run oil company, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), has discovered a natural gas reservoir at the Remanso-X1 well. The well's positive results are estimated to yield approximately 0.7 Tcf of resources and 52 MMbbl of liquids, according to President Luis Alberto Arce Catacora. 

This breakthrough aligns with YPFB's strategic Upstream Reactivation Plan, aiming to reactivate mature or closed fields to boost oil and gas production and reduce imports of fuels.

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