First Solar

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Current-gen renewables?
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Growth
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Solar equipment manufacturers
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First Solar is a leading global provider of comprehensive photovoltaic (PV) solar solutions. The company specializes in manufacturing thin-film solar modules utilizing its proprietary Cadmium Telluride (CdTe) semiconductor technology. First Solar's CdTe modules are designed to deliver reliable energy production with optimized performance and minimal environmental impact across their lifecycle. The company's differentiated manufacturing process enables the production of high-quality and cost-effective solar modules tailored for utility-scale solar projects.

First Solar has strategically invested in expanding its manufacturing footprint in the US to support the country's transition toward clean energy. As of 2024, the company operates multiple state-of-the-art production facilities in Ohio, with an additional facility under construction in Alabama. These facilities, representing a total investment of over USD 4 billion, have enabled First Solar to scale its domestic manufacturing capacity to over 10 GWDC. This significant expansion positions the company as a crucial contributor to the decarbonization efforts and energy security goals of the US.

First Solar's modules have gained wide acceptance in the solar industry, securing substantial orders from prominent power producers and developers. In November 2022, the company secured a landmark 4.9 GW module order from Intersect Power, further solidifying its position as a trusted supplier in the utility-scale solar market. First Solar's commitment to responsible manufacturing practices, low carbon footprint, and swift energy payback from its modules aligns with the industry's pursuit of sustainable and eco-efficient solar solutions.

Key customers and partnerships

First Solar has established strategic partnerships and secured notable orders from key players in the solar energy industry. In November 2022, the company received significant module orders, including a 4.9 GW order from Intersect Power, two GW orders from Swift Current Energy and Arevon Energy, respectively, and a 700 MW order from Silicon Ranch, bringing its sub-total with the Shell-owned developer to four GW. Additionally, First Solar secured orders from National Grid (2 GW), Azure Power (600 MW), Akuo Energy (500 MW), and Scout Clean Energy (378 MW), further solidifying its position as a leading supplier of photovoltaic modules.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
350 West Washington Street Suite 600 Tempe AZ USA
Founded year:
1999
Employees:
5,001-10,000
IPO status:
Public
Total funding:
USD 2.2 bn
Last Funding:
USD 1.0 bn (Post IPO Debt; Jul 2023)
Last valuation:
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