First Solar, the largest thin- film panel manufacturer, sees "significant growth" in renewable energy projects being developed in the Middle East and North Africa by the end of 2014.
Norway's Renewable Energy Corp's (REC) and Seattle-based Summit Power have sold their North Star solar power plant project in California to First Solar, an American solar firm, the Norwegian company said on April 10.
First Solar Inc. CEO Jim Hughes is stepping up efforts to manage power plants that generate electricity from the sun, helping utilities use the technology in a way his rivals in China can't.
First Solar Inc. chairman Mike Ahearn has found the best way to make money from photovoltaics is to sell whole power plants to Warren Buffett and NextEra Energy Inc. instead of competing with China on panel sales.
US-based First Solar, the world's No. 2 maker of solar cells, will ramp up production at its plants in Germany, scheduled to close later this year, to meet an unexpected surge in demand, a spokesman said on Tuesday.
A shakeout that is rattling the solar panel industry has sent First Solar, once among the industry's biggest and strongest companies, to a wide quarterly loss.
NRG Energy, First Solar and MidAmerican Solar representatives gathered to connect the first 100MW of the 290MW Agua Caliente Solar Project to the grid. The project is owned by NRG Energy and MidAmerican, while operator First Solar designed and constructed the plant in Yuma County, Arizona, using thin-film modules.
A new trade organization, established by First Solar and rival CdTe thin film module producers and suppliers has been formed to promote and educate on the technology's attributes.
Renewable energy companies are losing their allure with top executives after profits and stock prices collapsed across the industry, making it more difficult for boards to replace underperforming managers.
First Solar Inc., the maker of thin-film solar panels that cut jobs and lowered its profit forecast this month, has won government aid while cultivating political relationships from California to the White House.
San Francisco Chronicle
Struggling solar manufacturers will likely be driven into mergers with rivals to survive a sector squeeze, a trend that could draw major Asian conglomerates deeper into the renewable energy sector.
The challenging market conditions faced by all PV manufacturers in 2011 have led to many claiming poor visibility into business expectations next year. In recent third quarter conference calls many tier 1 suppliers refrained from giving any 2012 insight, with guidance provided near or during fourth quarter financial results early next year.
SunPower Corp. and First Solar Inc., the two largest US solar manufacturers, will reorganize as falling prices and increased competition from China drive down sales.
Wall Street Journal
San Francisco Chronicle
Phoenix Solar, through its Italian subsidiary Phoenix Solar Srl, has secured several contracts for the supply of solar modules for power plants in Italy.
Energy Business Review
Abound Solar Inc., the photovoltaic- panel maker using technology favored by General Electric Co. (GE) and First Solar Inc. (FSLR), said bankruptcies that are culling higher-cost competitors will help lower prices for modules to $1 a watt.
Although the photovoltaic module market has suffered setbacks this year, Asian manufacturers are keeping the competition on its toes.
First Solar has officially opened its new factory in Mesa, Arizona at a ceremony on Friday morning. Module production at Mesa is expected to begin by Q3 2012 and will employ approximately 600 full-time staff.
Shares of solar energy technology provider First Solar (FSLR) are down $5.55, or 5%,at $98.91 this morning after the company last night announced its former chief financial officer, Jens Meyerhoff, currently head of its division that sells projects to utilities, will leave the company at the end of September.