The first modules have rolled off the line in Ohio as part of First Solar’s $1.4 billion dollar bet on its large-format Series 6. The company will also expand production in Vietnam.
The thin-film maker topped $1 billion in quarterly revenue with impressive profitability and a strong war chest as it continues its retooling for Series 6.
First Solar is scrambling to meet demand as the Section 201 case drives module hoarding, and may keep its Series 4 product running longer at its Malaysia plant.
First Solar brought in a net profit on the sale of a major solar project, as it orders tools and prepares for the switch to its large-format series 6.
The panel manufacturer, which operates a production facility in Oregon hopes the president’s call for strict enforcement of U.S. trade laws will give it, as well as other domestic panel companies, a better chance against Chinese competition.
The company took a significant hit in its Q4 results due to restructuring and impairments, as it shuts down lines and orders tools for the transition to its Series 6 modules.
The collaboration between the two companies is moving beyond Panasonic running the Tesla/SolarCity gigafactory, and will enable Panasonic to re-open a factory in Japan.
U.S. solar producer SunPower will acquire Taiwan’s AU Optronic’s stake in a cell production facility joint venture the companies entered into in 2010. Under the deal, SunPower will pay $170 million over four years and take complete control of what is describes as “our highest performing solar cell fab.”
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