The recent extension to the US investment tax credit (ITC) could enable First Solar to shift emphasis and therefore revenue generation to selling its CdTe thin-film modules to third parties rather than directly to PV power plant projects, according to a research note from Deutsche Bank analyst, Vishal Shah.
A direct consequence of the US ITC extension could be a slowdown in PV project completions by key US-centric Photovoltaic Energy Providers (PVEPs), notably First Solar, according to a research note from Baird Equity Research analyst, Ben Kallo.
In the last two days the United States and United Kingdom have taken two very different decisions on the future of solar in their countries. As the world seeks to capitalise on the momentum generated by last week’s Paris climate agreement, they are decisions that could have far-reaching consequences.
In the wake of the proposed extension to the ITC, PV Tech spoke to Shayle Kann of GTM Research on which states will be the big winners, what this means for SolarCity, and whether 'President Trump' would have an easy time dismantling it.