US-based solar PV manufacturer First Solar, after a dismal fourth quarter and full-year 2016 financial report, surprised everyone last week when it posted a strong first quarter which beat expectations and allowed the company to upgrade its guidance for the full-year 2017.
IDFC Alternatives is in talks with First Solar to acquire 200 megawatts solar power projects located in Andhra Pradesh and Telangana. The expected deal size is $200 million.
On March 16th, the first solar farm on tribal land in the US was activated. The 250 megawatt Moapa Southern Paiute Solar Project, located on the 112 square mile Moapa River Indian Reservation about 30 miles north of Las Vegas, contains more than 3.2 million solar panels covering 2.2 square miles, enough to power about 111,000 homes.
The world’s largest thin-film solar panel manufacturer, First Solar, is expected to sell 200 megawatts of capacity in India as it looks to return its focus back to its core business.
US-based solar PV manufacturer First Solar, reporting its fourth quarter and full-year 2016 results, reported its biggest-ever quarterly loss, as well as a massive net loss for the whole year, on the back of decreased revenue and a massive overhauling of the company.
American solar PV manufacturer First Solar has secured $240 million in funding from Japan-based Mizuho Bank for the development of a 59.5 megawatt utility-scale solar project in the Ishikawa prefecture.
American solar PV manufacturer First Solar has been awarded the contract to supply 140 MW worth of solar modules to the Sun Metals Solar Farm in North Queensland, Australia — the largest solar project in the country.
America’s leading manufacturer of solar panels First Solar has followed its already lackluster third quarter earnings report posted earlier this month with further bad news, announcing plans to cut 1,600 jobs, and revising its full-year 2016 guidance only a fortnight after it had already done so.
Global and leading US solar PV supplier First Solar saw its shares tank nearly 20% after the company slashed its expected sales for the full-year 2016, and reported third quarter net sales down nearly $250 million from the prior quarter.
The second phase of the iconic Mohammed bin Rashid Al Maktoum solar power park will be complete next year, First Solar recently reported.
