First Solar sells off its O&M business to NovaSource
Deeming that “the strategic thesis behind O&M has changed,” First Solar has sold off its O&M business to the same private equity firm that SunPower did earlier this year.
Longroad just completed financing and sale of the 294-MW Muscle Shoals solar project to Ørsted
Longroad CEO: “There is definitely not an oversupply of tax equity.”
Project Suppliers: First Solar modules, Nextracker trackers and inverters from Power Electronics
First Solar inks massive PPA with Dow Inc.
Dow is now set to purchase 75% of the annual electricity generation at First Solar’s upcoming 200 MW Horizon Solar project in Frio County, Texas, under a 15-year power contract.
First Solar backs carbon pricing for wholesale electricity
First Solar has backed carbon pricing in comments submitted to the Federal Energy Regulatory Commission. The firm also co-founded a global policy institute that supports carbon pricing as a “cost-effective, equitable and politically viable climate solution.”
A new player appears in American thin-film cadmium telluride solar module manufacturing
Toledo Solar is trying to distinguish itself from First Solar’s cadmium telluride dominance by operating in the residential and commercial markets, markets which have been historically unkind to the technology.
Direct cash payments for solar projects floated as a legislative solution
Solar developers, including First Solar, believe that a direct cash payments solution could keep solar projects on track and help developers monetize the ITC in the event that tax equity financing dries up.
First Solar earnings: strong Q1 and an uncertain 2020 guidance — like most every solar firm
“Despite the uncertain economic environment, demand for our Series 6 product remains strong, as evidenced by the 1.1 GWDC of net-bookings since our prior earnings call.”
Morning Brief: massive PacifiCorp renewable energy RFP excites developers, China’s energy storage boom falters
Also in the brief: First Solar will supply Geronimo Energy with 415 MW of Series 6 modules, a D.C. circuit court hears about a vital FERC energy storage order, the Midwest Solar Expo will not be postponed and more.
Q Cells takes top share of the US distributed solar module market
The company claimed 25.2% of the residential solar module market, while controlling 13.3% of the commercial and industrial market, according to WoodMac’s Q1 2020 U.S. PV Leaderboard. The achievement marks the first time Q Cells has topped both markets, as well as the first time any company has held a residential market share of 25% or greater.
Fitch rates 550 MW First Solar-installed Topaz project notes at ‘C’ despite superb performance
The credit rating of the Topaz project has been at “C” since 2019 because of the liability of having a bankrupt offtaker — PG&E. In the meantime, the ratings document affords some insight into mega-project finance and power generation performance.
