First Solar, Inc. provides solar energy solutions. The company designs, manufactures, and sells PV (photovoltaic) solar modules with an advanced thin-film semiconductor technology. The company develops, designs, constructs, and sells PV solar power solutions that primarily use the solar modules that the company manufactures. The company also manufactures crystalline silicon solar modules with proprietary high-power density, mono-crystalline technology, and it provides single-axis mounting systems with proprietary tracking capabilities. Additionally, the company provides operations and maintenance (O&M) services to plant owners that use solar modules manufactured by the company or by other third-party manufacturers. Segments The company operates its business in two segments, Components and Systems. Components segment The Components segment engages in the design, manufacture, and sale of solar modules which convert sunlight into electricity. Solar Modules CdTe Modules: Each solar module is a glass laminate approximately 2ft x 4ft (60cm x 120cm) in size that encapsulates a CdTe thin-film semiconductor. The company’s solar modules had an average rated power per module of approximately 95 watts for 2014. During 2014, the company announced the release of its Series 4 module, which offers up to eight percent more energy than conventional crystalline silicon modules with the same power rating, and is compatible with advanced 1500-volt plant architectures. The Series 4A variant features a new anti-reflective coated glass, which enhances energy production. The company’s semiconductor structure is a single-junction polycrystalline thin-film that uses CdTe as the absorption layer. Crystalline Silicon Modules: In 2014, the company began manufacturing modules incorporating high-efficiency crystalline silicon technology for deployment in space constrained applications. Customers: With respect to its components business, during 2014, the company sold the majority of its solar modules to solar power system project developers, system integrators, and operators headquartered primarily in Germany, India, and the United States, which either resell its solar modules to end-users or integrate them into solar power plants that they own, operate, or sell. During 2014, NextEra Energy, Inc; Southern Company; and MidAmerican Energy Company individually accounted for more than 10% of the Components segment’s net sales, which includes the solar modules used in its systems projects. Systems segment Through its fully integrated Systems business, the company provides a complete turn-key solar power system solution or any combination of its systems solutions, which include project development, EPC (engineering, procurement, and construction) services, O&M services, and project finance. In 2013, the company acquired Solar Chile, a Santiago-based solar development company. Solar Chile has a portfolio of utility-scale PV power projects in varying stages of development totaling approximately 1 GW (gigawatts) in northern Chile, including the Atacama Desert region, which offers the highest solar irradiance in the world. In addition, in August 2013, the company acquired a pipeline of U.S. and Mexico development assets from Element Power. Included in the 1.5 GW pipeline are diverse projects in various stages of development in California, Arizona, Texas, Georgia, North Carolina, Colorado, Louisiana, Illinois and Mexico. Customers: With respect to the Systems business, its customers consist of investor owned utilities, independent power developers and producers, commercial and industrial companies, and other system owners who might purchase from the company completed solar power plants, any combination of EPC services, and O&M services for the plants the company builds. During 2014, the principal customers of the Systems segment were Southern Company, NextEra Energy, Inc, and MidAmerican Energy Company, each of which accounted for more than 10% of its systems segment net sales during 2014. Trademarks The company has registered and/or has applied to register, trademarks and service marks in the U.S. and other foreign countries for ‘First Solar’ and ‘First Solar and Design’. Strategy The company pursues the following strategies: differentiation, sustainable growth and financial viability. History First Solar, Inc. was founded in 1999.
first solar inc
(FSLR*:Mexico Stock Exchange)
350 West Washington Street
Tempe, AZ 85281
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