The thin film PV maker reports difficulties in ramping its new Series 6 product, as well as pressure from module price collapses.
The developer has energized Phase 1 and 2 of its Mount Signal 3 project which it expects to be fully commissioned and online by the end of 2018. The project is the second of three plants at one site which total almost 800 MW of solar power.
In doing so, First Solar places themselves alongside Exelon Corp., a direct competitor
In the wake of the Section 201 tariffs, the United States is seeing a minor renaissance in solar module manufacturing. However, in terms of why this is happening, the tariffs are only one part of a more complicated story.
The sale brings in $240 million for First Solar and $360 million for SunPower, as both companies re-focus on manufacturing. Capital Dynamics now owns the yieldco.
The plant is the second-largest planned in the Western Hemisphere, and will triple the thin film module maker’s manufacturing capacity in the United States.
Global oversupply and a collapse in module prices are not good news for manufacturers. But the details are always more complex, and many of the factories planned for the United States appear to be staying the course.
Two Wisconsin utilities are in talks to purchase the NextEra project, which is in excess of state renewable energy requirements and will be four times as large as all of the cumulative solar built in Wisconsin to date.
Arizona utility Salt River Project has brought together a technological trifecta in its recently commissioned single-axis tracker 20 MW solar plus 10 MW/40 MWh energy storage power plant.
The tracker maker will also supply a new type of racking for the roll out of First Solar’s large-format Series 6 modules.
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