Well let’s hear it for the idea of First Solar building in the U.S..
Tue, August 30, 2022, 5:47 AM·3 min read
Well folks according to Akiko Fujita over at Yahoo News there’s some good solar News coming to the USA. For First Solar (FSLR) is making a $1.2 billion investment. All into expanding its factory footprint in the United States. That’s providing a tailwind to President Biden’s push to accelerate domestic manufacturing and reduce America’s reliance on Chinese supply chains.
As I reported before!
So First Solar Inc. (FSLR) is the largest U.S. solar-panel maker. They are boosting its efforts to install systems at industrial sites. Furthermore, warehouses as utilities demand for smaller solar farms.
Pursuing smaller projects and customer-sited systems may increase sales as much as 36 percent. That’s expected over the next three years. This comes from Chief Executive Officer Jim Hughes.
The First solar manufacturer headquartered in the U.S., has plans to invest $1 billion in a new fully vertically integrated factory. All based in the Southeast and an additional $185 million for upgrading and expanding its existing footprint in northwest Ohio.
The move allows the company to expand its solar capacity for First Solar U.S. to 10 gigawatts over the next three years. For that’s enough to produce a solar panel every 1.6 seconds, according to First Solar U.S CEO Mark Widmar.
Even 2013
So First Solar Inc. (FSLR) is the largest U.S. solar-panel maker. They are boosting its efforts to install systems at industrial sites. Furthermore, warehouses as utilities demand for smaller solar farms.
Pursuing smaller projects and customer-sited systems may increase sales as much as 36 percent. That’s expected over the next three years. This comes from Chief Executive Officer Jim Hughes.
The company got 65 percent of its 2013 sales from selling large solar farms to utilities. That’s a market that’s slowing in the First Solar U.S. as power companies meet state requirements. Also, you then don’t need to buy more solar energy. Consequently, Hughes is seeking deals in other regions including Saudi Arabia, India and South America. Finally expecting higher demand in the U.S. from commercial and
