VSK Energy to Invest Up to $1.5B to Scale Vertically Integrated Production of American-Made Solar

Vikram Solar, Phalanx Impact Partners and Das & Co. have formed a new U.S. joint venture and majority U.S.-owned and operated company – VSK Energy LLC – with plans to invest up to $1.5 billion to develop a vertically integrated solar manufacturing operation in the United States.

A two-phase investment, Mortenson will oversee the engineering and construction and intends to hire hundreds of team members from the local communities, including pipefitters, electricians, sheet metal workers, plumbers, operators, carpenters, laborers, safety professionals and more.

The first phase of development consists of a $250-million investment to develop an American solar photovoltaic module manufacturing facility in a recently completed building in Brighton, Colorado. The new factory is expected to create over 900 direct jobs with an average salary of more than $70,000 and over 200 construction jobs. VSK Energy expects the facility to commence operations in 2024 with an initial capacity of 2 gigawatts in solar PV modules and planned expansion of up to 4 GW.

The second phase would complete VSK’s vertical integration of the solar manufacturing process with the development of a factory in a southern U.S. state to produce solar ingots, cells and wafers with a planned annual capacity of 4 GW. VSK Energy intends to invest up to $1.25 billion in the new factory, which is expected to commence operations in 2025 following the evaluation and finalization of available federal, state, regional and local incentives for the project. The new factory is expected to create over 1,500 direct jobs and over 1,000 construction jobs.