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Slide #59. First Solar, Inc. — US and Mexico Portfolio from Element Power
First Solar, Inc. (NASDAQ:FSLR)
US and Mexico Portfolio from Element Power
First Solar, Inc. (NASDAQ:FSLR">FSLR) announced today it has acquired a pipeline of U.S. and Mexico development assets from Element Power. The 1.5 GW pipeline includes geographically diverse projects in various stages of development. Terms of the deal were not disclosed. Included in the pipeline are projects in California, Arizona, Texas, Georgia, North Carolina, Colorado, Louisiana and Illinois. The projects are competitively positioned in their respective markets and have secured site options and interconnect queue positions, and are at various stages of environmental screening and permitting. "These U.S. assets are an excellent complement to our existing project pipeline," said Tim Rebhorn, First Solar's Senior Vice President of Business Development for the Americas.
First Solar is a provider of photovoltaic (PV) solar energy solutions. Co. designs, manufactures and sells PV solar modules with a thin film semiconductor technology, and also develops and sells PV solar power systems that mainly use the modules it manufactures. Co. also provides operations and maintenance (O&M) services to system owners. Co.'s modules segment involves the design, manufacture and sale of cadmium telluride solar modules, which convert sunlight into electricity. Co.'s second segment is its systems segment, through which it provides power plant solutions, which include project development, engineering, procurement, and construction services and O&M services.
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