First Solar Inc - Company Profile
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Business Description
First Solar Inc (First Solar) is a provider of solar photovoltaic (PV) systems, which designs, manufactures and sells solar PV modules with thin film semiconductor technology. The company sold more than 50 GWDC modules worldwide. It also offers solar PV power systems, operation and maintenance services to system owners. The company has R&D facilities in California and Ohio in the US and solar module manufacturing facilities in the US, Malaysia, and Vietnam. First Solar operates its business through two segments: Modules and Others. In FY2022, the company reported a capital expenditure of US$903.6 million, which was equivalent to 34.5% of revenue.
R&D Overview
The company’s R&D efforts focus on incremental improvement in the wattage and energy yield of solar modules. Through its high-tech pilot manufacturing line, it intends to produce prototypes of thin film and tandem PV modules. The company also aims at improving module durability and manufacturing efficiency, including throughput improvement, increase in production and material cost reduction. It holds two world records for CdTe PV efficiency, which yielded a certified research cell efficiency of 22.1% and module aperture efficiency of 19.7%. The company has R&D facilities in the US. In FY2022, the company spent US$112.8 million on R&D, which increased 13.8% YoY.
Business Segments
Overview
It designs, manufactures and sells CdTe solar modules. The average output from one module is around 455 watts. -It uses advanced thin film semiconductor technology to manufacture modules. Its customers includes developers and operators of solar power systems, utilities, independent power producers, commercial and industrial companies.
Performance
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Overview
It provides project development activities and O&M services.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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