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T1’s G2 Austin solar cell fab in Rockdale, Texas is being built in two 2.5 GW stages, with Phase 1 planned at 2.1 GW and estimated capex of $400 million to $425 million. The company executed a lease and purchase option for 100 acres in Milam County, secured a long-term tax abatement, and said the project could require up to $850 million of capital investment and create up to 1,800 direct jobs if incentives close. Construction is slated to begin in Q4 2025, with first-phase production targeted for Q4 2026; T1 says engineering is progressing, a 30% design package is complete, 60% engineering completion is expected in November 2025, and Yates Construction/Yates & Sons are handling pre-construction and site preparation while SSOE Group has led engineering since December 2024. Financing remains multi-track, including project financing, mezzanine financing, offtake deposits, Section 45X PTC monetization, equity and preferred offering proceeds, and a strategic partner process that includes a Heads of Agreement with a Saudi-aligned partner; T1 says roughly $350 million remains to fund Phase 1 and is targeting full financial close in early Q2 2026. Corning wafers are scheduled to arrive in the second half of 2026, with cells from G2 Austin feeding module production at G1 Dallas, and T1 estimates $375 million to $450 million of annual run-rate EBITDA once G1 Dallas reaches 5 GW and G2 Austin Phase 1 is online.
The Story · In Order · 40 Statements
T1 executed a lease and purchase option for 100 acres in Milam County, Texas for G2 Austin.
G2 Austin is expected to require up to $850 million of capital investment and create up to 1,800 direct jobs if incentives agreements are completed.
T1 described G2 Austin as its third major investment in Texas.
T1 said its three Texas facilities represent a combined investment of more than $1.1 billion.
T1 entered into a Heads of Agreement with a Saudi-aligned partner to explore a potential investment in G2 Austin.
T1 said it is advancing project financing, Section 45X PTC monetization, and possible mezzanine financing for G2 Austin.
Cells from G2_Austin will be used to manufacture solar modules at T1's G1_Dallas site.
Corning wafers are scheduled to be delivered to T1's G2_Austin solar cell facility starting in the second half of 2026.
T1 said G2_Austin is on track to start construction in Q3/Q4 2025.
T1 said development of the G2_Austin project is progressing.
T1 said it still expects first-phase production from G2_Austin to begin in Q4 2026.
T1 selected Yates Construction for pre-construction services and site preparation at the planned G2_Austin solar cell facility.
T1 said SSOE Group has provided project engineering for G2_Austin since December 2024.
T1 said it secured a long-term tax abatement from Milam County, Texas for the G2_Austin facility.
T1 said G2_Austin will be developed in two 2.5 GW stages.
T1 said it is advancing multiple financing processes to fund G2, including project financing, mezzanine financing, offtake deposits, and strategic partner investment.
T1 plans to begin G2 Phase 1 construction in Q4 2025 and start production in Q4 2026.
T1 decided to develop the planned G2_Austin solar cell manufacturing facility in two phases.
The first phase of G2_Austin is expected to have 2.1 GW of annual production capacity with estimated capex of $400 million to $425 million.
T1 plans to start initial construction and potentially order long-lead items for G2_Austin in Q4 2025.
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