Welcome to our dedicated page for First Solar news (Ticker: FSLR), a resource for investors and traders seeking the latest updates and insights on First Solar stock.
First Solar, Inc. (NASDAQ: FSLR) is a leading global provider of comprehensive photovoltaic (PV) solar systems, known for its innovative and advanced thin-film modules. The company's integrated power plant solutions offer an economically viable alternative to traditional fossil-fuel electricity generation. First Solar's renewable energy systems emphasize environmental protection and enhancement through their entire lifecycle, from raw material sourcing to end-of-life module collection and recycling.
Headquartered in Tempe, Arizona, First Solar designs and manufactures solar photovoltaic panels, modules, and systems targeted primarily at utility-scale development projects. The company's solar modules employ cadmium telluride, a thin-film technology, to efficiently convert sunlight into electricity. This technology sets First Solar apart as the world's largest thin-film solar module manufacturer.
First Solar operates production facilities in multiple locations, including Vietnam, Malaysia, the United States, and India. The company continually strives to improve its technology and production capabilities to meet the growing global demand for renewable energy.
In recent years, First Solar has achieved significant milestones, including the expansion of its manufacturing capabilities and the establishment of strategic partnerships. Notable projects include development of large scale solar power plants in collaboration with leading energy companies. First Solar remains committed to delivering high-quality, reliable, and cost-effective solar energy solutions to its clients worldwide.
For more information about First Solar, visit their official website at First Solar. You can also follow their updates on Twitter at @firstsolar, subscribe to their blog at First Solar Blog, and check out their YouTube channel at First Solar YouTube.
First Solar, Inc. (NASDAQ: FSLR) will announce its financial results for Q1 2023 on April 27, 2023, after market close. A conference call will follow at 4:30 p.m. ET, accessible through their investor website. Audio replay options will be available until May 27, 2023. First Solar specializes in advanced thin film photovoltaic solar modules, promoting sustainability and eco-efficiency. The company aims to combat climate change through innovative technology and responsible production practices.
First Solar and EDP Renewables have entered a multi-year agreement for 1.8 GWdc of advanced thin film photovoltaic solar modules, set for delivery up to 2028. This collaboration aims to support EDP Renewables' growth in the U.S. solar market, enhancing its installed capacity and development pipeline. Notably, EDP plans to add 4.8 GW of solar capacity by 2026. First Solar, known for its low-carbon modules, is expanding its U.S. manufacturing capabilities to exceed 20 GW globally by 2025, including a new factory in Alabama. This deal affirms First Solar's commitment to sustainability and establishes a vital supply arrangement for EDP Renewables.
First Solar (NASDAQ: FSLR) announced on March 29, 2023, that its manufacturing facility in India has been awarded financial incentives under the Indian government's Production Linked Incentive (PLI) program. This program aims to boost domestic solar module production and reduce reliance on imports. First Solar is among three manufacturers eligible for the full range of incentives, which depend on product efficiency and domestic value creation. The new facility in Tamil Nadu, set to be operational in the latter half of 2023, will have a capacity of 3.4 GW. First Solar's eco-efficient modules are noted for their low carbon and water footprints.
First Solar (FSLR) has entered into a multi-year agreement with Savion, LLC to supply 2.6 GWdc of Series 7 thin-film solar modules, set for delivery between 2025 and 2027. This deal aligns with the benefits from the Inflation Reduction Act, which supports U.S. renewable energy manufacturing. First Solar plans to enhance its domestic manufacturing, with a new $1.1 billion factory in Alabama and a $185 million expansion in Ohio, aiming for a total investment exceeding $4 billion. The company expects its annual production capacity to reach 10.6 GWdc by 2026, and it will invest $270 million in a new R&D center in Ohio by 2024.
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