Profile: First Solar Inc (FSLR.O)
29 Apr 2016
First Solar, Inc., incorporated on May 15, 2003, is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with thin-film semiconductor technology, and also develops, designs, constructs and sells PV solar power solutions. The Company operates through two segments: components and systems. The Company's components segment designs, manufactures and sells solar modules, which convert sunlight into electricity. The Company's systems segment provides PV solar power systems or solar solutions for systems, which use the Company's solar modules. The Company provides operations and maintenance (O&M) services to plant owners that use solar modules manufactured by the Company or by other third-party manufacturers. The Company has approximately 30 manufacturing lines around the world and over 2.8 gigawatts (GW) of annual manufacturing capacity with lines having a production capability of approximately 2,500 modules per day, totaling approximately 71,600 modules each day across over 30 lines.
The Company's components segment manufactures cadmium telluride (CdTe) modules using its CdTe thin-film technology. Each solar module is a glass laminate approximately two feet by four feet in size that encapsulates a CdTe thin-film semiconductor. It manufactures CdTe solar modules at its Perrysburg, Ohio and Kulim, Malaysia manufacturing facilities. Its Series 4ATM features an anti-reflective coated glass. In addition to its CdTe module technology, the Company also manufactures crystalline silicon modules made from N-Type Mono cells produced at its facility in Kulim, Malaysia and then assembled into approximately 60 or 72 cell module by third-party contract manufacturers.
Through its integrated systems business, the Company provides turn-key PV solar power systems, or solar solutions, which includes project development, engineering, procurement, and construction (EPC) services, and/or operations and maintenance (O&M) services. The Company's project development activities include site selection and securing rights to acquire or use the site, obtaining the requisite interconnection and transmission studies, executing an interconnection agreement, obtaining environmental and land use permits, maintaining site control, and entering into a power purchase agreement (PPA) with an off-taker of the power to be generated by the project. The Company's EPC services include engineering design and related services, balance of system (BoS) procurement, development of grid integration solutions, and construction contracting and management. It provides EPC services to projects developed by it, to projects developed by independent solar power project developers, and directly to system owners, such as utilities. The Company's O&M service arrangements involve the performance of activities associated with operating and maintaining a PV solar power system. Its O&M service arrangements include around the clock system monitoring, certain PPA and other agreement compliance, North American Electric Reliability Corporation compliance, Large Generator Interconnection Agreement compliance, energy forecasting, performance engineering analysis, regular performance reporting, maintenance services, including spare parts and corrective maintenance repair, warranty management and environmental services.
First Solar Inc
350 W Washington St Ste 600
TEMPE AZ 85281-1496
Company Web Links
- BRIEF-First solar Q1 sales $848 million
- BRIEF-First solar CEO says Q1 fleet average efficiency climbs to 16.2 pct - conf call
- UPDATE 1-First Solar stock slips after first revenue miss in four qtrs
- First Solar posts quarterly profit; appoints new CEO
- UPDATE 1-First Solar's quarterly revenue beats estimates