First Solar

First Solar Inaugurates 3.3 GW Manufacturing Facility in India

Retrieved on: 
Thursday, January 11, 2024

First Solar, Inc. (Nasdaq: FSLR) today inaugurated its new facility in Tamil Nadu, India, the country’s first fully vertically integrated solar manufacturing plant.

Key Points: 
  • First Solar, Inc. (Nasdaq: FSLR) today inaugurated its new facility in Tamil Nadu, India, the country’s first fully vertically integrated solar manufacturing plant.
  • View the full release here: https://www.businesswire.com/news/home/20240111067742/en/
    First Solar inaugurated its new facility in Tamil Nadu, India, the country’s first fully vertically integrated solar manufacturing plant.
  • First Solar is unique among the world’s largest solar manufacturers for being the only US-headquartered company.
  • “The inauguration of this landmark manufacturing facility and the launch of commercial shipments to customers in India is a crucial milestone in our journey to long-term and sustainable growth,” said Mark Widmar, CEO, First Solar.

Solar PV Balance of Systems (BOS) Market size to increase by USD 32.33 billion during 2023-2028; Increasing investments in renewable energy to drive the growth - Technavio

Retrieved on: 
Thursday, January 11, 2024

As investments increase, the necessity for these BOS elements intensifies, fostering innovation and growth within the solar energy sector.

Key Points: 
  • As investments increase, the necessity for these BOS elements intensifies, fostering innovation and growth within the solar energy sector.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.
  • The crystalline silicon solar PV modules market size is forecast to increase by USD 56.06 billion.
  • The Residential Solar Photovoltaic (PV) Systems Market size is estimated to grow at a CAGR of 5.22% between 2023 and 2027.

First Solar Signs PPA with Cleantech Solar to Power India Manufacturing Facility

Retrieved on: 
Thursday, January 4, 2024

Under the agreement, Cleantech Solar will construct 150 megawatts (MW) of photovoltaic (PV) solar and 16.8 MW of wind-generating assets in Tamil Nadu, India, supplying approximately 7.3 gigawatt-hours (GWh) of clean electricity to First Solar’s new 3.3-gigawatt (GW) vertically integrated solar manufacturing facility, also located in Tamil Nadu.

Key Points: 
  • Under the agreement, Cleantech Solar will construct 150 megawatts (MW) of photovoltaic (PV) solar and 16.8 MW of wind-generating assets in Tamil Nadu, India, supplying approximately 7.3 gigawatt-hours (GWh) of clean electricity to First Solar’s new 3.3-gigawatt (GW) vertically integrated solar manufacturing facility, also located in Tamil Nadu.
  • Furthermore, Cleantech Solar has agreed to procure 150 MW of advanced, India-made Series 7 thin film solar panels from First Solar, utilizing the modules to power the solar PV component of the PPA.
  • “Our new manufacturing facility in Tamil Nadu sets a high benchmark for responsible and sustainable vertically integrated solar manufacturing, not just in India, but globally,” said Sujoy Ghosh, vice president and managing director, First Solar, India.
  • This collaboration extends beyond powering First Solar's flagship manufacturing facility in India; it involves leveraging their advanced, ultra-low carbon thin film solar panels to energize our solar assets,” said Sachin Jain, chief executive officer, Cleantech Solar.

First Solar Signs Agreements for Sale of up to $700 Million in 2023 IRA Advanced Manufacturing Production Tax Credits

Retrieved on: 
Wednesday, December 27, 2023

First Solar , Inc. (Nasdaq: FSLR) today announced that it entered into two separate Tax Credit Transfer Agreements (TCTAs) on December 22, 2023, to sell $500 million and up to $200 million, respectively, of 2023 Inflation Reduction Act (IRA) Advanced Manufacturing Production tax credits to Fiserv, Inc. subject to satisfaction of certain conditions.

Key Points: 
  • First Solar , Inc. (Nasdaq: FSLR) today announced that it entered into two separate Tax Credit Transfer Agreements (TCTAs) on December 22, 2023, to sell $500 million and up to $200 million, respectively, of 2023 Inflation Reduction Act (IRA) Advanced Manufacturing Production tax credits to Fiserv, Inc. subject to satisfaction of certain conditions.
  • Citigroup Global Markets, Inc. is the placement agent for First Solar on the transaction, which is believed to be the first significant credit transfer of its kind in the solar manufacturing industry.
  • As a result of its vertical integration, First Solar is eligible for Advanced Manufacturing Production tax credits allowed for the production of PV wafers, cells, and modules under Section 45X of the IRA.
  • Additionally, First Solar is investing up to $370 million in a dedicated R&D innovation center in Perrysburg, Ohio, expected to be completed in 2024.

Intersect Power Reaches Commercial Operation of 679 MWp / 1 GWh Oberon Solar + Storage Project in California

Retrieved on: 
Tuesday, November 14, 2023

Intersect Power, LLC (“Intersect Power” or “Intersect”) today announced the commercial operation of its Oberon Solar + Storage project, located in Riverside County, California.

Key Points: 
  • Intersect Power, LLC (“Intersect Power” or “Intersect”) today announced the commercial operation of its Oberon Solar + Storage project, located in Riverside County, California.
  • The Oberon project generates 679 MWp/500 MWac of reliable solar energy, enough to power over 207,000 homes a year, and features 250 MW/1 GWh of co-located storage.
  • The project was built with First Solar modules from Ohio, NX Horizon smart solar trackers from Nextracker, and American-made structural steel.
  • “The Oberon project is much more than a new source of clean power for California.

Solar Panel Recycling Market to Surpass US$ 1,049.4 Million by 2030 - CoherentMI

Retrieved on: 
Monday, December 18, 2023

The solar panel recycling market is driven by the increasing adoption of renewable energy sources, particularly solar energy, across the globe.

Key Points: 
  • The solar panel recycling market is driven by the increasing adoption of renewable energy sources, particularly solar energy, across the globe.
  • Increasing investments in solar panel recycling infrastructure: With the growing awareness about the environmental impact of improperly disposed solar panels, there is an increasing trend of investments in solar panel recycling infrastructure.
  • Technological advancements in solar panel recycling: The market is witnessing significant advancements in recycling technologies for solar panels.
  • Key players operating in the solar panel recycling market include Reclaim PV Recycling, Silcontel, Rinovasol, RecyclePV, ECS Refining, REMA PV Systems, Dongfas Group, Rinovasol Group, Envaris, Recycle Solar Technologies Limited, Experia Solution, CCL Recycling, PV Cycle, First Solar, Aurora Solar Recycling, Solarcycle Recycling, and PV Recycling.

Solar Panel Recycling Market to Surpass US$ 1,049.4 Million by 2030 - CoherentMI

Retrieved on: 
Monday, December 18, 2023

The solar panel recycling market is driven by the increasing adoption of renewable energy sources, particularly solar energy, across the globe.

Key Points: 
  • The solar panel recycling market is driven by the increasing adoption of renewable energy sources, particularly solar energy, across the globe.
  • Increasing investments in solar panel recycling infrastructure: With the growing awareness about the environmental impact of improperly disposed solar panels, there is an increasing trend of investments in solar panel recycling infrastructure.
  • Technological advancements in solar panel recycling: The market is witnessing significant advancements in recycling technologies for solar panels.
  • Key players operating in the solar panel recycling market include Reclaim PV Recycling, Silcontel, Rinovasol, RecyclePV, ECS Refining, REMA PV Systems, Dongfas Group, Rinovasol Group, Envaris, Recycle Solar Technologies Limited, Experia Solution, CCL Recycling, PV Cycle, First Solar, Aurora Solar Recycling, Solarcycle Recycling, and PV Recycling.

Zero-energy Buildings Market to increase by USD 172.65 billion from 2023 to 2028; Increased need for cost reduction of energy to drive the growth - Technavio

Retrieved on: 
Thursday, December 7, 2023

NEW YORK, Dec. 7, 2023 /PRNewswire/ -- The zero-energy buildings market size is expected to grow by USD 172.65 billion from 2023 to 2028.

Key Points: 
  • NEW YORK, Dec. 7, 2023 /PRNewswire/ -- The zero-energy buildings market size is expected to grow by USD 172.65 billion from 2023 to 2028.
  • The increased need for cost reduction of energy is notably driving the market growth.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.
  • The market for public and commercial buildings is expected to experience significant growth, largely due to the increasing need to reduce energy consumption costs.

AMSURG Announces Board of Directors

Retrieved on: 
Thursday, November 30, 2023

NASHVILLE, Tenn., Nov. 30, 2023 /PRNewswire/ -- AMSURG, a leader in ambulatory surgery center services, announced appointments to the organization's Board of Directors. The announcement comes after a successful emergence as an independent company under new leadership and positioned for growth.

Key Points: 
  • NASHVILLE, Tenn., Nov. 30, 2023 /PRNewswire/ -- AMSURG, a leader in ambulatory surgery center services, announced appointments to the organization's Board of Directors.
  • King has been appointed as chair of the AMSURG Board of Directors, and he will also serve on the Compensation Committee.
  • "I am thrilled to have such seasoned and accomplished professionals serving on the AMSURG Board of Directors," said Jeff Snodgrass, president and CEO of AMSURG.
  • "It is an honor to join the AMSURG Board of Directors," said David King, chair of AMSURG's Board of Directors.

SB ENERGY SECURES $2.4 BILLION FOR RENEWABLE ENERGY PROJECTS, CREATING BLUEPRINT FOR PROJECT FINANCINGS AROUND DOMESTIC CONTENT AND ENERGY COMMUNITIES

Retrieved on: 
Thursday, November 30, 2023

REDWOOD CITY, Calif., Nov. 30, 2023 /PRNewswire/ -- SB Energy Global, LLC ("SB Energy") secured a combined $2.4 billion to support energy communities with domestically produced renewable energy at scale. Working with J.P. Morgan, Bank of America, Morgan Stanley Renewables Inc., and Truist Bank, SB Energy has closed approximately $800 million in tax equity, and working with seven other financial institutions (MUFG, Mizuho Americas, ING, SMBC, CIBC, Fifth Third Bank, and Société Générale) raised $450 million in term debt and $1.2 billion in construction debt to support a 1.3 gigawatt (GW) portfolio of four utility-scale solar projects.

Key Points: 
  • REDWOOD CITY, Calif., Nov. 30, 2023 /PRNewswire/ -- SB Energy Global, LLC ("SB Energy") secured a combined $2.4 billion to support energy communities with domestically produced renewable energy at scale.
  • Since its inception, SB Energy has been committed to growing domestic clean energy deployment and the U.S. supply chain.
  • To qualify for the domestic content adder, SB Energy is utilizing 1.1 million high domestic content solar modules manufactured in Ohio by First Solar.
  • SB Energy will continue to lead in partnering with domestic manufacturers to onshore more of the clean energy supply chain.