Power Electronics announces more than $300 million investment in U.S. at RE+

SourceSolar Power World
Date Published09/18/2023

Additional Reshoring Information:

Company/Division name Power Electronics
Parent companyPower Electronics
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):600
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Capital investment ($):300
Country(ies) from which reshored:Spain
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredSolar Panel Inverters
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Proximity to customers/market
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