first-solar

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ReNew, Waaree and First Solar Lead Solar Manufacturing Capacity Additions in 2023

ReNew, Waaree Energies, First Solar, Adani Solar, and Emmvee Photovoltaic Power led the annual solar module manufacturing capacity additions in the calendar year (CY)...

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First Solar’s Thin Film Modules Approved for Use in DCR Solar Projects

The Ministry of New and Renewable Energy (MNRE) has approved the use of thin film solar modules produced at First Solar’s (FS India Solar Ventures) vertically...

May 10, 2024

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Arjun Joshi

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Manufacturing

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Modules

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Solar
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First Solar Q1 Profit Soars 455% on Strong Sales, Improved Margins

U.S.-based First Solar’s net income for the first quarter (Q1) of 2024 surged by 455% to $236.6 million from $42.6 million in the same quarter last year, with the solar...

May 2, 2024

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Arshreet Singh

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Finance and M&A

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Solar
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Daily News Wrap-Up: Maharashtra’s 3 Million Residential Rooftop Solar Target

The Maharashtra State Electricity Distribution Company (MSEDCL) has prepared plans to install 3 million rooftop solar systems on houses in the state under the Pradhan...

February 29, 2024

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Staff

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Daily Wrap-up
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First Solar Swings to Profit in Q4 on Strong US Demand

U.S.-based solar module manufacturer First Solar reported a fourth-quarter (Q4) net income of $349 million, swinging to profit from last year’s loss of $7.5 million, as...

February 28, 2024

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Arshreet Singh

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Finance and M&A
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Daily News Wrap-Up: Reliance, Adani Win SECI’s Electrolyzer Manufacturing Auction

Reliance Electrolyzer Manufacturing (Reliance), John Cockerill Green Hydrogen Solutions, Jindal India, and Adani New Industries were among the winners of Solar Energy...

January 15, 2024

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Mercom Staff

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Daily Wrap-up
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First Solar Opens 3.3 GW Solar Module Manufacturing Facility in Tamil Nadu

U.S.-based photovoltaic (PV) modules manufacturer First Solar has inaugurated its fully vertically integrated solar manufacturing facility in Tamil Nadu. The India...

January 12, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Daily News Wrap-Up: MNRE’s ₹5.15 billion Solar Program for Tribal Areas

The Ministry of New and Renewable Energy has received the President of India’s approval to implement a new solar power program with an outlay of ₹5.15 billion (~$61.9...

January 8, 2024

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Mercom Staff

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Daily Wrap-up
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First Solar’s Module Manufacturing Facility to Procure Renewable Power from Cleantech

Photovoltaic modules manufacturer First Solar has entered into a 15-year captive power purchase agreement (PPA) with Cleantech Solar, a renewable energy solution...

January 5, 2024

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Satish Shetty

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C&I

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Open Access

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Solar

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Wind
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First Solar Plans to Offload IRA Tax Credits Worth $700 Million

U.S.-based solar technology company First Solar has entered into two separate tax credit transfer agreements to sell $500 million and up to $200 million of Inflation...

December 29, 2023

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Arjun Joshi

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Manufacturing

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Markets & Policy

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Solar
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Daily News Wrap-Up: Top Utility-Scale Solar Developers in 1H 2023

Adani Green Energy, NTPC Renewable Energy, UPC Renewables, Sprng Energy, and Aditya Birla Renewables emerged as the top utility-scale solar project developers in the...

November 3, 2023

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Mercom Staff

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Daily Wrap-up
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First Solar’s Q3 Net Income Surges 446% on Higher Module Prices and Sales in US

U.S.-based solar module manufacturer First Solar recorded a net profit of $268.4 million during the third quarter (Q3) of 2023, a year-over-year (YoY) increase of 445.8%...

November 2, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar
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UbiQD, First Solar to Develop Solar Modules Enhanced with Quantum Dots

UbiQD, a nanotechnology company based in New Mexico, has joined hands with solar module manufacturer First Solar to integrate fluorescent quantum dot (QD) technology...

August 21, 2023

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Arjun Joshi

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Solar

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Technology
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Daily News Wrap-Up: Outstanding Dues of State Power DISCOMs Reduced by Half in a Year

The Union Minister of New Renewable Energy and Power, R. K. Singh, in a written reply to Lok Sabha, stated that the effective enforcement of the Electricity (Late...

July 31, 2023

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Mercom Staff

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Daily Wrap-up
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First Solar’s Q2 Net Income Surges 205% YoY on Increased Module Sales

U.S.-based solar module manufacturer First Solar recorded a net income of $170.58 million in the second quarter (Q2) of 2023, an increase of 205% year-over-year (YoY)...

July 28, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar

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