Italy's Enel to invest more than $1 bln in Oklahoma solar panel factory

Date Published05/22/2023
Author NameNichola Groom

Additional Reshoring Information:

Company/Division name Enel SpA
Parent companyEnel
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1900
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2025
Capital investment ($):1000
Country(ies) from which reshored:Italy
City reshored to:Inola
State(s) reshored to:OK
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsilicon-based solar cells
What non-domestic negative factors made offshoring less attractive?Green considerations, Supply chain interruption
What domestic positive factors made reshoring more attractive?Eco-system synergies, Govt. Policy and subsidies, Higher productivity, Skilled workforce availability/training, State of OK funding and IRA
Government Incentive dollar amount:$180mil of OK funding and IRA
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