The thin film PV maker reported solid year-end 2018 results, with future bookings extending out four years and the fourth of five Series 6 factories already online.
The PV maker’s quarterly results show not only the ramping of its Series 6 production at a third location, but also bookings that continuing to climb, with 11.3 GW of modules now under contract.
The PV maker plans to shift its 800 MW of current E-Series production to its new NGT technology, as it records a massive loss on depreciation of its old equipment.
The thin film PV maker reports difficulties in ramping its new Series 6 product, as well as pressure from module price collapses.
The Chinese ingot, wafer cell and module giant has signed a significant sales contract for the shipment of solar PV modules to an unidentified customer in the United States.
GA Global Partners is auctioning off the 130,000 square foot facility.
The company is noting its substantial investment in U.S. research and development as well as tools, has further hinted that it may establish U.S. manufacturing for its P-Series modules.
American solar manufacturing: President Trump’s relatively measured 201 ruling surprised many. And while there are already reports of new hiring and expansions by U.S. module makers, the new tariffs will not be enough for a major revival of the sector.
Over the past five years, the pattern of imports has moved away from China and towards Southeast Asia and Korea.
In this interview Mark Widmar talks about the market for PV modules and his company’s supply situation, First Solar’s position in the Section 201 case, and the role he sees for solar in the future of energy.
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