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First Solar

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First Solar - Energy & Power showcase

Year Founded & Workforce

1999

4,800 Employees

Industry

Energy & Power
F

First Solar Employee Contacts

41 verified contactsNames, job titles, seniority and locations

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First Solar Overview

Company Headquarters: United States

Founded: 1999

Workforce: The company has employed more than 4800 employees.

Company Working: First Solar is a leading US-based manufacturer of photovoltaic (PV) solar panels and a provider of solar solutions. With a focus on utility-scale solar power plants and commercial, industrial, and residential applications, the company is known for its thin-film solar panel technology. Headquartered in Tempe, Arizona, First Solar is committed to delivering sustainable and cost-effective solar energy solutions to its customers worldwide.

Strategy

The key growth strategy for First Solar is to continue to expand its global presence and increase its market share in the solar energy industry. The company is also focusing on developing new and innovative solar energy solutions, while improving its manufacturing efficiency and reducing costs.

Company Snapshot

$5,219.38M

Revenue

4,800

Employees

1999

Founded

United States

Headquarters

SWOT Analysis

Strengths

  • One of the largest solar panel manufacturers in the world.
  • Strong focus on sustainable and environmentally responsible practices.
  • Experienced management team with a track record of success.

Weaknesses

  • Heavy reliance on the US market.
  • Vulnerability to changes in government policies and regulations.
  • Intense competition in the solar panel market.

Opportunities

  • Growing global demand for renewable energy.
  • Expanding into emerging markets.
  • Developing new technologies and solar panel products.

Threats

  • Fluctuating prices of raw materials.
  • Increasing competition from other solar panel manufacturers.
  • Economic and geopolitical uncertainty.

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Key Developments

DateApproachDevelopment
May-2019Product LaunchFirst Solar announced the launch of its Series 6 thin-film solar panels, featuring new advancements in efficiency and performance.
Sep-2020AgreementFirst Solar signed a supply agreement with RWE Renewables to provide 149 MW of Series 6 modules for the Sofia Offshore Wind Farm.
Feb-2021InvestmentFirst Solar announced plans to invest $680 million in a new solar panel manufacturing facility in Ohio, expected to be completed in 2023.

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