Net sales of $2.9 billion for 2021 and $0.9 billion for the fourth quarter Net income per diluted share of $4.38 for 2021 and $1.23 for the fourth quarter Year-end 2021 cash, cash equivalents, restricted cash, and marketable securities of $1.8 billion 17.5 GW DC of 2021 net bookings; 11.8 GW DC since third quarter […]
DFC Announces Approval to Provide up to $500 Million of Debt Financing for First Solar’s Vertically-Integrated Thin Film Solar Manufacturing Facility in India – EQ Mag Pro
Loan represents the largest single debt financing transaction for DFC WASHINGTON : U.S. International Development Finance Corporation (DFC) today announced it approved up to $500 million of debt financing for First Solar, Inc. (Nasdaq: FLSR), the largest American solar manufacturing company, subject to negotiations of definitive agreements. The DFC financing will support the company’s previously […]
ReneSola Power and Emeren Launch Their First Solar Project in Italy – EQ Mag Pro
STAMFORD, Conn. : ReneSola Ltd (“ReneSola Power” or the “Company”) (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, and Emeren, a London, United Kingdom-based project developer specialized in the development of renewable energy power plants in Europe and other international markets, announced the launch of a 7 MW ground-mounted solar project, jointly developed […]
First Solar Commits to Science-Based Emissions Targets, Net Zero Emissions By 2050
Action aligns emissions reduction targets with levels needed for global transition to net-zero economy. First Solar, Inc. today announced a commitment to reduce its absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 20 percent by 2028, relative to its emissions in 2020. It has also committed to achieving net-zero emissions by 2050 […]
First Solar Plans to Set Up 3.3-GW Manufacturing Facility in India
New Delhi : First Solar, a US-based solar panel manufacturer, on Friday said it plans to invest $684 million in a fully vertically-integrated photovoltaic (PV) thin-film solar module manufacturing facility of 3.3 gigawatt (GW) capacity in Tamil Nadu, India. It added that upon permissions and pending approval of Indian government, the facility is expected to […]
First Solar to Create 1,000 Jobs in Tamil Nadu
“Contingent upon permitting and pending approval of Indian government incentives that are satisfactory to First Solar, the advanced facility is expected to commence operations in the second half of 2023,” First Solar said. American solar technology company First Solar Inc said on Friday that it is investing $684 million in a new, fully vertically integrated […]
First Solar Plans to Invest Rs 5,000 Crore to Set Up Solar Manufacturing Facility in India
First Solar Inc on Friday said it is planning to invest USD 684 million (about Rs 5,000 crore) to set up a fully vertically integrated photovoltaic (PV) thin-film solar module manufacturing facility in India. Contingent upon permitting, and pending approval of Indian government incentives that are satisfactory to First Solar, the advanced facility is expected […]
First Solar Inc. (FSLR) Dips 4.76% for March 29
First Solar Inc. is a First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. Among the S&P 500’s biggest fallers on Monday March 29 was First Solar Inc. (FSLR). The stock experienced a 4.76% decline to $81.61 with 1.73 million shares changing hands. First Solar Inc. started […]
First Solar nabs 2.4 GW of Series 6 module deals from Intersect Power
US thin-film photovoltaics (PV) maker First Solar Inc (NASDAQ:FSLR) has secured orders to deliver up to 2.4 GW DC of its Series 6 modules for a photovoltaic (PV) portfolio owned by Intersect Power LLC. The overall capacity, bagged in seven separate purchase contracts, includes firm orders for 2 GW of PV modules, plus an option […]
Leeward to acquire First Solar’s US project platform
First Solar, Inc. (First Solar) has announced that it has entered into a Sales and Purchase Agreement (SPA) with Leeward Renewable Energy Development, LLC (Leeward), pursuant to which Leeward will acquire from First Solar a utility-scale solar project platform of approximately 10 GWAC. The transaction is expected to close in 1Q2021, after obtaining regulatory approvals […]