Profile: First Solar Inc (FSLR.O)
26 May 2017
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 a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures. It operates through two segments: components and systems. The components segment is engaged in the design, manufacture and sale of cadmium telluride (CdTe) solar modules, which convert sunlight into electricity. The systems segment includes the development, construction, operation and maintenance of PV solar power systems, which primarily use its solar modules. In addition, the Company provides operations and maintenance (O&M) services to system owners that use solar modules manufactured by it or by third-party manufacturers.
The Company manufactures solar modules using its CdTe thin-film technology. The Company's solar modules had an average rated power per module of approximately 114 watts, as of December 31, 2016. The Company manufactures its CdTe solar modules on high-throughput integrated production lines in an automated and continuous process. The Company manufactures solar modules at its Perrysburg, Ohio and Kulim, Malaysia manufacturing facilities.
Through its systems segment, the Company provides PV solar power systems, or solar solutions, which include project development, engineering, procurement and construction (EPC) services, and/or O&M services. Its 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. Its EPC services include engineering design and related services, balance of systems (BoS) procurement, advanced development of grid integration solutions, and construction contracting and management. It also provides EPC services to other system owners, such as utilities, independent power producers, and commercial and industrial companies. Its O&M service arrangements include around the clock system monitoring, certain PPA and other agreement compliance, North American Electric Reliability Corporation (NERC) 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