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. designs and manufactures photovoltaic solar modules using cadmium telluride thin-film technology for utility-scale power generation and other solar markets. Company news commonly covers module sales, quarterly financial results, guidance, manufacturing capacity, U.S. factory investment, and the role of its integrated production process outside crystalline silicon supply chains.
Recurring developments also include Series 7 module deployments in solar projects, research and development activity in California and Ohio, patent licensing for next-generation perovskite photovoltaic devices, and Section 45X advanced manufacturing production tax credits tied to U.S.-made module components.
First Solar (FSLR) announced the acquisition of the 123-MW American Kings Solar project by Goldman Sachs Renewable Power LLC. The project, located in California, is backed by a 15-year Power Purchase Agreement with Southern California Edison and is expected to be operational by Q4 2020. The facility, utilizing First Solar’s Series 6 photovoltaic modules, will reduce carbon emissions by displacing 78,000 metric tons of CO2 annually. This partnership reinforces First Solar’s commitment to sustainable energy and contributes significantly to California's decarbonization efforts.
On June 18, 2020, First Solar (FSLR) announced a 15-year Power Purchase Agreement with Dow (DOW) for renewable energy from 75% of its 200-MW Horizon Solar project in Texas. This agreement underpins Dow's commitment to sourcing 750 MW of renewable power by 2025. The project is expected to power 25,000 homes and displace 147,000 metric tons of CO2 annually. First Solar aims to enhance sustainability by using its eco-efficient Series 6 modules, reducing water consumption significantly in its manufacturing processes. This collaboration aims to contribute positively to both companies' sustainability goals.
First Solar has announced a framework supply agreement with Geronimo Energy to deliver 415 MWDC of Series 6 photovoltaic modules in 2022. This deal expands their collaboration to over 1.4 GWDC in module technology sales. Geronimo Energy, part of National Grid, operates over 2.4 GW of renewable energy projects. The Series 6 modules are designed for superior environmental performance, boasting a carbon footprint significantly lower than conventional panels. First Solar has also enhanced its manufacturing capacity to meet the growing demand for these modules.
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