On Thursday First Solar’s Chairman, Michael Ahearn sold 1.5 million company shares (half of his stocks in the company). The maker of thin-film photovoltaic panels announced the sale in a release issued Friday. Read More »
Will U.S. power consumers ever rely on Chinese green power for their electricity? This notion, that just a few years ago seemed far fetched, will likely become a reality. On Tuesday, Chinese wind turbine maker A-Power Energy Generation Systems received Chinese regulatory approval to proceed with a 600 megawatts, $1.5 billion wind farm to be constructed in Texas. The greenlight by the Chinese National Development and Reform Commission is a crucial hurdle to pass and will allow the project developers to, among other things, start approaching banks for financing. Read More »
Yesterday, during its fourth quarter earnings call, thin-film PV maker First Solar blamed the $39.3 million spike in its operating costs to a string of one time expenses incurred in part with the hiring of new CEO Rob Gillette and the departure of an unnamed senior executive. Read More »
Tempe, Ariz., thin-film PV maker First Solar’s fourth quarter revenues grew to $641.3 million, up from $480.9 million in the previous quarter. Read More »
First Solar, the maker and installer of thin-film photovoltaic panels, says it expects to generate revenues ranging between $2.7 billion – $2.9 billion in 2010, which is ahead of analysts’ estimate of $2.4 billion. Read More »
