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First Solar reported third quarter net sales of US$889 million, an increase of US$345 million from the second quarter of 2014. However, project delays would result in full-year revenue guidance lowered by US$100 million to a range of US$3.6 billion to US$3.9 billion.
First Solar has said it will restore idled production lines at its main production plant in Malaysia bringing back 360MW of capacity. The company also said it would add two new lines at its facility in Ohio, providing a further 178MW of nameplate capacity in 2015.
The new contracts for difference mechanism in the UK market is “an interesting opportunity for a more market orientated approach”, according to First Solar.
Major PV manufacturers spent around US$422 million in 2013 on R&D activities, down 9% from 2012, according to the annual R&D spending analysis undertaken by PV Tech.
US thin-film manufacturer First Solar has achieved a 21.0% conversion rate in a cadmium-telluride (CdTe) PV cell, a new record.
US thin-film maker First Solar is targeting the annual installation of 100MW of its panels in Japan through a deal with domestic distributor XSOL.
Major PV energy provider, First Solar, has cancelled long-standing plans to build a 2GW PV power plant near Ordos City, Inner Mongolia, according to reports.
PV module encapsulant material supplier, STR Holdings continues to struggle transitioning its business and product portfolio after loosing its major customer, First Solar earlier in 2013.
Leading photovoltaics energy provider, First Solar, has reported first quarter 2014 revenue well above guidance on a PV project pull-in but reiterated full-year revenue guidance would be unchanged at up to US$4 billion.
Major PVEP (Photovoltaics Energy Provider), First Solar is to provide turnkey Engineering, Procurement and Construction (EPC) contractor services to EDF Renewable Energy in California.
The 290MW Agua Caliente solar PV facility in Arizona is close to being fully complete, according NRG Solar and MidAmerican Solar.
GE’s CdTe thin-film manufacturing equipment from its facilities in Colorado, US is to go under the hammer in an online auction beginning on 8 May 2014.
Dubai’s state utility company has opened the tender process for 100MW solar PV generating capacity.
First Solar has revealed a new total area module efficiency record for its CdTe thin-film technology of 17%, a significant increase from 16.1%, set in April 2013.
First Solar is planning its next major CdTe thin-film production capacity expansion phase to occur in 2015 with an additional 1GW of nameplate capacity. The company revealed the plans during its 2014 Analyst Day event.
US thin-film developer First Solar will host its analyst day on Wednesday, at which Deutsche Bank expects the company to offer “upbeat” targets for the coming years up to 2016.
First Solar reported fourth quarter and full-year 2013 results that failed to meet financial analyst’s expectations by a wide-margin, with it shares taking a big tumble.
First Solar has reported a world record for a CdTe solar cell with a conversion efficiency of 20.4%.
First Solar’s third annual NOVA awards for suppliers have been handed out, with the thin-film manufacturer recognising the contribution of four companies in “providing enduring value to First Solar’s manufacturing and EPC project activities”.
Laser structuring specialist, LPKF SolarQuipment has installed a new LPKF Presto laser scriber at its Shanghai application centre to extend its capabilities in researching advanced laser machining techniques for thin-film PV modules employing different coating technologies.
On cue, First Solar said it had started construction of a 102MW (AC) PV power plant in Nyngan, New South Wales (NSW).
Market research firm, Lux Research expects balance of system (BOS) component costs to fall gradually through the rest of the decade, according to a new report.
First Solar said it had started construction of a 22MW PV power plant in Pecos County, Texas.
A collaborative development programne (CDP) between First Solar and Intermolecular that was established in 2012 to target higher efficiency CdTe thin-film modules has been amended.
Editor and guest blogs have continued to be a major attraction to the vast number of readers of PV Tech’s website. Based on traffic data provided by Google Analytics we are once again sharing the top 10 most read blogs from this year, itself a popular read in past years.
Photon Energy Investments (PEI), a division of PV solutions and services company Photon Energy has launched a standardised financing model through its fully-owned subsidiary, Photon Energy Generation Australia (PEGA).
The German Government has successfully received aid to the tune of €2.3 million from the European Globalisation Adjustment Fund (EGF) to finance programmes to help support workers made redundant at two thin-film production plants closed by First Solar at the end of 2012.
Cadmium Telluride (CdTe) thin-film solar module maker Calyxo has commissioned a new 60MW production line at its Bitterfeld-Wolfen plant in Germany.
With an initial plan to invest around US$100 million, First Solar said it would build PV power plants in the booming Japanese market, both directly and with Japanese companies in partnership. Japan has not previously been a target market for First Solar.
In issuing third quarter 2013 financial results, thin-film market leader First Solar, reported its largest quarterly decline in its CdTe module cost per watt since 2007.
The Colorado manufacturing facility of Abound Solar, which went bankrupt, has been reported by US news outlets as having left toxic and hazardous waste behind that could cost as much as US$3.7 million to clean up.
According to the latest NPD Solarbuzz PV Equipment Quarterly report, solar PV module production is set to reach the 50GW milestone in 2014.
Another major milestone has been reached in the 550MW Topaz Solar Farms construction with a total of five million, First Solar-made CdTe thin-film modules having been installed.
Thin-film PV manufacturer First Solar is selling its unused manufacturing plant in Mesa, Arizona, built at a cost of around US$300 million, for over US$100 million.
First Solar has acquired K Road Power’s planned 250MW ‘Moapa Solar Project’ in Nevada, US, the latest development in a recent flurry of activity by the thin-film manufacturer and project developer to replenish its PV project pipeline.
The Silver State South project has been issued an environmental statement released from the US Bureau of Land Management (BLM) to downsize by 100MW due to environmental concerns.
First Solar has broken ground on its third Imperial County PV power plant.
Following the appointment of Jim Hughes in March, 2013 in a then newly created role of CCO (chief commercial officer), Joe Kishkill has taken the vacant position at First Solar.
Two engineers working on First Solar’s Desert Sunlight Solar Farm were killed yesterday when their plane crashed near the construction site close to Joshua Tree National Park.
The first acquisition of PV power plants since GE and First Solar struck a business partnership has taken place, without the financial details being disclosed.
Scientists at the Empa Institute in Switzerland claim to have achieved 11.5% conversion efficiency for a CdTe solar cell by doping it with copper.
According to the latest findings from NPD Solarbuzz, the continued competitiveness of conventional c-Si technologies and market overcapacity is taking its toll on PV thin-film market share.
First Solar will start a 100MW manufacturing line for crystalline silicon cells for the residential distributed market from the end of next year with production scaling from 2015, it was revealed yesterday.
Despite warning that revenue for the second quarter 2013 could impacted by timelines for PV project sales, leading PV energy provider (PVEP) First Solar reported worse than expected sales while downgrading full-year revenue guidance.
Leading PV energy provider (PVEP), First Solar, has claimed to be the first thin-film module manufacturer to have received ‘Thresher’ test certification from TÜV Rheinland.
GE has decided to cancel plans to ramp its own cadmium telluride (CdTe) thin-film operations in Aurora, Colorado, instead selling the intellectual property portfolio to CdTe leader, First Solar.
An agreement between First Solar and US regional power provider Public Service Company of New Mexico (PNM) to construct a total of 23MW of solar power generating capacity across three sites is awaiting approval by the New Mexico Public Regulation Commission.
First Solar is to offer 8.5 million shares at US$46.00 per share potentially bringing in US$391 million of new capital to build PV power plants.
The leading PVEP (Photovoltaics energy provider) First Solar plans to offer over 9 million new shares to raise funds to build PV power plants.
Mary Beth Gustafsson, executive vice president, general counsel and secretary to thin-film leader, First Solar, is to leave the company in October by mutual consent, according to an SEC filing.