First Solar has selected Gaffney, South Carolina, as the site for its fifth US module factory. It will invest approximately $330 million in the project.
First Solar will build a fifth US module plant with 3.7 GW of annual output, lifting its total domestic capacity to more than 14 GW by 2026 and reinforcing its position as the country’s largest solar manufacturer.
Crux’s mid-year report says the US transferable clean energy tax credit market is on track to approach $60 billion in 2025, nearly double last year, led by solar and storage.
India has approved six manufacturers for its Approved List of Models and Manufacturers (ALMM) for solar cells, totaling 13 GW of annual production capacity. The list includes FS India (First Solar’s India unit), Jupiter, Emmvee, Mundra (Adani), Premier Energies, and ReNew.
A US solar manufacturing group has filed trade petitions targeting cell and module imports from Indonesia, India and Laos, seeking antidumping and countervailing duties on largely Chinese-produced products. The action could trigger new AD/CVD investigations by the US Department of Commerce.
Quantum dot technology promises to boost bifacial solar module output. The company entered into a supply agreement with specialist UbiQD.
First Solar delivered 14.1 GW of thin-film solar modules in 2024, driving $4.2 billion in revenue. The US cadmium telluride panel maker now faces global policy uncertainty.
Juniper Green Energy has signed an agreement to buy 1 GW of First Solar’s Series 7 FT1 cadmium telluride (CdTe) thin-film PV modules. The modules will power projects in the Indian states of Rajasthan, Gujarat, and Maharashtra.
First Solar fell short of third-quarter revenue expectations, lowering its 2025 guidance. The US thin-film solar manufacturer cited slower project execution as a factor affecting revenue.
First Solar has opened a $1.1 billion, 3.5 GW solar manufacturing facility in Lawrence County, Alabama.
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