First Solar, a major solar panel manufacturer, will invest up to $1.2 billion expanding three factories and building a fourth in large part because of the passage of the Inflation Reduction Act’s renewable energy incentives, the company said Tuesday. The company said this would create nearly 1,000 jobs across the four total factories. These investments are consistent with the anticipated expansion of the renewable energy sector in the U.S. A new analysis from Energy Innovation found the law’s $370 billion for climate spending should help double the amount of installed wind and solar energy capacity by 2030, which would correspond to as much as 85% of total U.S. energy supply at that point. (First Solar: Reuters, New York Times $, E&E $, CNBC, Bloomberg $, Politico Pro $; Renewable energy growth: The Guardian)