$$$ First Solar, die amerikanische Q-Cells $$$
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TEMPE, Ariz., Dec 09, 2009 (BUSINESS WIRE) -- First Solar Inc. (Nasdaq: FSLR), the world's leading manufacturer of photovoltaic modules, today announced that TK Kallenbach has been appointed executive vice president of marketing and product management.
Kallenbach comes to First Solar from Honeywell Aerospace where he led numerous areas including Aerospace's strategic planning, product management and marketing communications. Kallenbach joined Honeywell (formerly AlliedSignal) in 1979, serving in a variety of senior leadership positions before taking on his most recent role, vice president of marketing and product management.
"TK's extensive experience makes him ideally suited to lead First Solar's product management and marketing initiatives," said Rob Gillette, First Solar chief executive officer. "I look forward to the contributions he will make to First Solar's senior management team."
Kallenbach will assume his position at First Solar effective Dec. 14, 2009.
About First Solar
First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive photovoltaic (PV) system solutions. By continually driving down manufacturing costs, First Solar is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective, renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.
For First Solar Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
SOURCE: First Solar, Inc.
First Solar, Inc.United States:Lisa Morse+1-602-414-9361media@firstsolar.comEurope:Brandon Mitchener+49-6131-1443-399media@firstsolar.com
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TEMPE, Ariz., Dec 15, 2009 (BUSINESS WIRE) -- First Solar Inc. (Nasdaq: FSLR) today announced it has manufactured and shipped more than 1 gigawatt (GW) of its photovoltaic (PV) solar modules in 2009, becoming the first PV company to attain this production volume in a single year. One gigawatt of solar modules produces enough electricity to serve the needs of approximately 145,000 average American homes and saves roughly 1 million metric tons of carbon dioxide emissions annually.
As the world's largest solar module manufacturer, First Solar has increased its manufacturing capacity from approximately 75 megawatts (MW) per year at the beginning of 2007 to more than 1GW today.
"This proof that the solar industry can achieve the manufacturing scale necessary to fight climate change is especially timely in light of the Copenhagen conference that began last week," said Bruce Sohn, First Solar president. "Our efforts in scaling our technology are critical to creating a more sustainable energy infrastructure and reducing greenhouse gas emissions."
First Solar has continually lowered the cost of manufacturing solar modules, breaking the $1 per watt barrier earlier this year.
About First Solar
First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive photovoltaic (PV) system solutions. By continually driving down manufacturing costs, First Solar is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective, renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.
For First Solar Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
SOURCE: First Solar, Inc.
First Solar, Inc.United States:Alan Bernheimer+1-602-414-9361media@firstsolar.comEurope:Brandon Mitchener+49-6131-1443-399media@firstsolar.com
LG
S.
Fiscal year 2010 net sales are projected to be $2.7 to $2.9 billion, with EPS of $6.05 to $6.85. The Company plans to invest $365 million of capital to add two production plants, consisting of four manufacturing lines each. This expansion is expected to increase First Solar's annual capacity by 424 megawatts (MW), assuming the third quarter 2009 reported annual line run rate of 53 MW.
"First Solar is expanding capacity to satisfy a global contracted and advanced pipeline of over six gigawatts (GW) from 2010-2012," said Rob Gillette, First Solar chief executive officer. "In 2009 we increased our contracted North American pipeline by approximately 1.5GW, expanding our penetration in transition markets. This drives further capacity needs around a demand pool that is less volatile and more predictable than the traditional feed in tariff-based markets."
With the announced expansion in Malaysia and the previously announced two-line factory in France, First Solar expects to add 10 production lines during 2010 and 2011, increasing capacity by over 48% from current levels, bringing First Solar's annual or announced production capacity to approximately 1.8GW based on current production levels.
In 2010, First Solar forecasts net sales of $2.7 to $2.9 billion. Consolidated gross margins are expected to be 38% with operating margins at 23-24%, influenced by a mix shift to the systems business, which includes $0.6-0.8 billion of EPC/project development. Start-up expenses associated with the Malaysian expansion are projected to be approximately $25 million, and stock-based compensation is projected to be $95 to $105 million. Other assumptions include a tax rate of 15%, annual blended euro exchange rate of $1.38 (based on a 2010 spot rate of $1.40/Euro), and diluted shares outstanding of 86 to 87 million. EPS is projected in the range of $6.05 to $6.85. Total capital spending is projected to range from $500 to $550 million, including the Malaysian expansion. As a result, the Company expects to generate $730 to $790 million of operating cash flow and $180 to $290 million of free cash flow.
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Aber immerhin, im Normalfall fallen alle Aktien nachdem ich sie gekauft habe ;)
LG
S.
@Sylvia
ich glaube, du solltest dein Englisch aufbessern... In dem Artikel steht, dass zwei neue Fabs gebaut werden. Uns zwar in Malaysia...
Frankreich ist ne "neue" Fab (allerdings nur ein politisches Signal).
Aber nichts desto trotz freue ich mich über meinen EK von 80,00 €.
LG
S.
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Wertpapier: First Solar Inc |
Ich dachte bei #134 allerdings an eine neue Fab in einem anderen Land (somit lag ich mit meiner Meinung daneben).
LG
S.
wenn du es so siehst hast du recht... mich wundert, dass der Kurs noch unter 100€ ist!? Nachbörslich ist fslr mit 144$ rausgegangen, was bei heutigem $/€-Kurs einen Kurs von knapp über 100€ rechtfertigen sollte. vielleicht sehen wir heute noch die 105 :-)
p.s. die Fab in Deutschland ist in FFO nicht in FFM! ;-)
Danke für Deine Einschätzung, sehe ich ähnlich. Werde im Moment auch abwarten, heute Mittag ärgern wir uns dann (oder auch nicht)
LG
S.
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Wertpapier: First Solar Inc |
PV Plant Expected to Be France's Largest, Create up to 400 Jobs
BORDEAUX, France, Dec 21, 2009 (BUSINESS WIRE) -- First Solar, Inc. (Nasdaq: FSLR) and EDF Energies Nouvelles (Euronext: EEN) on Monday announced that they are in the final stages of exclusive negotiations with the town of Blanquefort, near the city of Bordeaux, to locate a new solar panel manufacturing plant.
The plant, co-financed by First Solar and EDF Energies Nouvelles (EDF EN), will be operated by First Solar and sell its entire production of innovative, thin-film photovoltaic panels to EDF EN for its first 10 years of operation. Construction is expected to begin in the second half of 2010 and a full production capacity of more than 100 megawatts (MW) a year is to be reached in early 2012.
The plant is expected to create up to 400 jobs in the region of Aquitaine and represent a total investment of approximately EUR 100 million ($150 million1). The decision to focus on Blanquefort for the manufacturing plant follows an extensive review of potential sites throughout the country. First Solar and EDF EN expect to finalize all remaining agreements in the coming weeks.
First Solar and EDF EN believe that France will become a major market for solar electricity in Europe thanks in large part to forward-looking French solar policies.
"Blanquefort is the ideal location for our second manufacturing facility in Europe and producing there will bring us closer to the French solar market, which we believe has the potential to become one of Europe's brightest," said Rob Gillette, Chief Executive Officer of First Solar. "We look forward to deepening our relationship with France. Aquitaine has impressed us with its passion, excellent infrastructure and highly skilled workforce."
"EDF Energies Nouvelles is very proud to see the achievement of a key milestone in this strategic partnership with First Solar. Securing a competitive supply of modules will allow us to optimize and speed up the deployment of our ambitious French solar program," said David Corchia, Chief Executive Officer of EDF Energies Nouvelles. "We also believe that this will be a key catalyst in the development of a strong solar industry in France."
First Solar's manufacturing site will also include a facility for recycling solar panels, France's first such facility. First Solar operates the solar industry's first comprehensive, pre-funded collection and recycling program to encourage the recovery of its panels and re-use of materials.
About First Solar
First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive photovoltaic (PV) system solutions. By continually driving down manufacturing costs, First Solar is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective, renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com
About EDF Energies Nouvelles
With operations in ten European countries and in America, EDF Energies Nouvelles is a market leader in renewable energies. With a development focused on wind energy for several years and more recently on solar photovoltaic, now a second priority avenue of development, the Group is also present in other segments of the renewable energies market: small hydro, biomass, biofuel and biogas. In addition, the Group is expanding its presence in the distributed renewable energies sector. EDF Energies Nouvelles is a 50 %-owned subsidiary of the EDF Group. Since November 2006, EDF Energies Nouvelles is listed in Euronext Paris, code "EEN", ISIN code: FR0010400143). www.edf-energies-nouvelles.com.
For First Solar Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
1 At an assumed exchange rate of EUR 1.00 = $1.50.
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First Solar and NRG Energy Open Largest Solar PV Power Plant in California
Blythe Photovoltaic Solar Project Generates Renewable, Clean Electricity for Southern California Edison
PRINCETON, N.J., Dec 21, 2009 (BUSINESS WIRE) -- First Solar, Inc. (Nasdaq: FSLR) and NRG Energy, Inc. (NYSE: NRG) today announced the start of commercial operation for the largest photovoltaic (PV) solar project in California. First Solar developed and built the 21-megawatt (MW) power plant in Blythe, Calif., which was acquired last month by NRG through its wholly owned subsidiary NRG Solar. Electricity generated by the solar facility is being sold to Southern California Edison (SCE) under a 20-year power purchase agreement.
Located in Riverside County about 200 miles east of Los Angeles, the Blythe plant is the largest thin film PV project in the United States and is five times the size of the next largest PV project in California. NRG estimates that at peak capacity, the project can supply the power needs of almost 17,000 homes while helping California meet its renewable energy goals. Approximately 175 people built Blythe during its three-month construction and installation period.
"It is no surprise that America's largest thin film solar project was built right here in California, where my Administration has successfully created a climate where green businesses can thrive," said California Governor Arnold Schwarzenegger. "It is forward-thinking businesses such as First Solar that will help California reach its nation-leading greenhouse gas reduction and Renewable Portfolio Standard goals, as well as create the new green jobs that will help spur our economic recovery."
"Solar is the great untapped resource in California, and we are pleased to be part of this significant milestone for solar development in our state," said Marc Ulrich, SCE vice president, Renewables and Alternative Power. "Bringing this power to the grid helps SCE maintain its position as the nation's leading utility for renewable energy."
"California, as it has in many arenas, is leading the way in encouraging large-scale clean energy sources," said David Crane, NRG Energy President and CEO. "NRG, through our association with pioneers like First Solar and forward-thinking companies like SCE, seeks to help clean our air while stocking our country's clean energy economic growth through commercial implementation of solar technology."
First Solar expanded its offerings in California in 2008. The Blythe plant is a model for First Solar's future large-scale solar developments. "The development, project finance and construction of this solar plant demonstrate First Solar's capabilities in utility scale projects," said Bruce Sohn, president of First Solar. "With a three-month build-out, we are pleased to be bringing it online ahead of schedule."
Using First Solar's industry-leading thin film PV panels that convert sunlight directly into electricity with no water consumption during operation, the Blythe plant will generate over 45,000 megawatt-hours of clean, affordable, sustainable electricity per year. This solar generation will avoid approximately 12,000 metric tons of carbon dioxide emissions annually - the equivalent of taking over 2,200 cars off the road. First Solar will provide operations and maintenance services at Blythe under a long-term contract with NRG.
About NRG
NRG Energy, Inc., a Fortune 500 company, owns and operates one of the country's largest and most diverse power generation portfolios. Headquartered in Princeton, N.J., the Company's power plants provide more than 24,000 megawatts of generation capacity--enough to supply more than 20 million homes. NRG's retail business, Reliant Energy, serves more than 1.6 million residential, business, commercial and industrial customers in Texas. A past recipient of the energy industry's highest honors--Platts Industry Leadership and Energy Company of the Year awards, NRG is a member of the U.S. Climate Action Partnership (USCAP), a group of business and environmental organizations calling for mandatory legislation to reduce greenhouse gas emissions. More information is available at www.nrgenergy.com.
NRG Solar is NRG's subsidiary company responsible for developing, constructing, financing and operating a multi-technology portfolio of solar power assets in North America. Blythe is part of NRG's solar strategy that also includes plans to construct commercial-scale solar thermal generation at sites in California and New Mexico. The first of these units is anticipated to begin operating as early as 2011.
About First Solar
First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive photovoltaic (PV) system solutions. By continually driving down manufacturing costs, First Solar is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost effective, renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.
For First Solar Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
NRG Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions and include NRG's expectations with respect to solar development and typically can be identified by the use of words such as "will," "expect," "estimate," "anticipate," "forecast," "plan," "believe" and similar terms. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, hazards customary in the power industry, general economic conditions, permitting and regulatory obstacles, construction delays, and changes in government regulation of environmental emissions.
NRG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The foregoing review of factors that could cause NRG's actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect NRG's future results included in NRG's filings with the Securities and Exchange Commission at www.sec.gov.
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