Ebon Solar Abandons $942M Albuquerque Factory After CFIUS Intervention
Ebon Solar will not build its planned $942 million, 834,000-square-foot solar cell factory in Albuquerque’s Mesa del Sol that would have employed 900 workers. Federal policy constraints and Committee on Foreign Investment in the U.S. considerations forced cancellation, with no public funds expended.
1. Initial Factory Plans
In August 2024, Ebon Solar unveiled plans to invest $942 million to build an 834,000-square-foot solar cell manufacturing plant in Albuquerque’s Mesa del Sol, with state and local governments offering tax and development incentives and a projected workforce of 900 employees.
2. Federal Intervention and Project Cancellation
A city economic development spokesperson confirmed the project will not move forward due to federal policy constraints and considerations by the Committee on Foreign Investment in the U.S., with no public funds expended.
3. Corporate Structure and Risk Disclosures
Ebon Solar is a subsidiary of Ebang International Holdings, whose shares trade near $2.40 and which lists operations in Texas, Singapore and the Cayman Islands; its 2025 annual report highlights risks related to its China subsidiaries and potential delisting under the Holding Foreign Companies Accountable Act.