First Solar, Inc. is an American manufacturer of solar panels, and a provider of utility-scale PV power plants and supporting services that include finance, construction, maintenance and end-of-life panel recycling.

First Solar has announced plans to build a 1.2-GW solar module factory in Lake Township, Ohio, envisaging a capital investment of USD $400 million.

Creating about 500 new jobs, the company said the plant will be located in proximity to its Perrysburg site, having a production capacity of 600 MW, and will manufacture it’s Series 6 modules.

First Solar expects to start construction mid-2018, with the goal to reach full production in late 2019.

The solar cell manufacturer reported $0.78 earnings per share and a revenue of $567.00 million during for Q1. During the same period last year, First Solar earned $0.25 EPS.

The Ohio expansion will triple the company’s domestic capacity.

Editorial Team
The Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with data and insights to deliver useful news updates. We are experts with the mission to inform, educate and inspire the industry. We are passionately curious, enthusiastic, and motivated to positively impact the world. Send us a tip via hello @ pvbuzz [dot] com.

Hanergy to donate first batch of its solar powered “Humbrella”

Previous article

Mercedes-Benz shuts down residential energy storage plans

Next article

You may also like


Comments are closed.

More in News