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Transcript of First Solar
~Formed in 1999 and launched production of commercial products in 2002
~Achieved the lowest manufacturing cost per watt in the industry, breaking $1 per watt in 2008
~First Solar will bring total expected capacity to more than 2.3GW by the end of 2011
~Developed the first comprehensive, prefunded module collection and recycling program in the
~Attained the smallest carbon footprint and fastest energy payback time of any PV technology on the market, when measured on a life cycle basis
~When in operation, modules generate electricity with no air emissions, no waste production, and no water use
Launched IPO on November 17, 2006; Common stock is traded on the NASDAQ Stock Market under the symbol FSLR
~First Solar was the first Solar Pannel maker to lower its manufacturing cost below the $1-per-watt threshold, bringing generation cost into the range of power produced by conventional means.
~First Solar is responsible for developing more than 40% of U.S. solar farms that had contracts with utilities. What is First Solar? First Solar manufactures thin film solar modules (Solar Pannels). What makes First Solar unique is that they don’t produce your average Crystalline Silicon panels that are expensive to produce, toxic to recycle, and have low cost to watt yields. They produce Cadmium Telluride (CdTe) Solar panels that produce high yields of electricity with low production costs. First Solar’s goal is to enable clean, renewable electricity at lower costs, providing a sustainable alternative to conventional energy sources. This goal has driven First Solar to become one of the fastest growing manufacturers of solar modules in the world. Here's An article from www.getsolar.com
about the biggest solar farm in The USA showing how
important these farms and plants are becoming. First Solar Farms/Plants in North America
10 MW El Dorado Solar Power Plant in Boulder City, NV, developed by Sempra Generation, covering 88 acres. Construction began in July 2008 and the plant is owned and operated by Sempra. In April 2009, it was announced that Sempra and First Solar would construct a 48MW Copper Mountain expansion to the facility. Once the expansion is completed in early 2011, the total facility will be able to power approximately 30,000 homes and displace 50,000 metric tons of CO2 per year.
21 MW solar plant in Blythe, CA, owned by NRG Energy. It occupies 200 acres, and displaces more than 12,000 metric tons of carbon dioxide emissions per year.
80 MW solar plant in Sarnia, Ontario, Canada, completed by First Solar and Enbridge Inc. in October 2010. It is the largest operating photovoltaic solar energy facility in the world, and will generate enough energy to power 12,800 homes per year.
550 MW Topaz Solar Farm in San Luis Obipso County CA, under a power purchase agreement with Pacific Gas and Electric Company.
30 MW solar plant in Cimarron, New Mexico, sold to Southern Company (NYSE:SO) and Turner Renewable Energy. First Solar developed the project and is providing engineering, procurement and construction (EPC) services. First Solar will also provide operation and maintenance services under a 25-year contract. The facility will supply power to approximately 9,000 homes, or 18,000 residents, and displace more than 45,000 tons of CO2 per year. Some simple math....
The average electric bill for the average American houshold is $92 a month. These Solar pannels are making $92 X 14,000= $1,288,000 worth of electricity a month in CA alone! More importantly, the average American houshold uses 936 kilowatt-hours of electricity each month meaning this ONE solar farm is saving 1,310,400 kilowatts of power from being made by other harmful methods that depleat our nature resources. First Solar sells its products to solar project developers, system integrators, individuals in mass quantity, and independent power producers. The Market for Solar panels is Global and growing. There has always been a demand for cheap alternative power that’s also green. First Solar is leading the Market with its panels and is constantly improving them to make them less expensive and more efficient. The demand for solar power will increase as shown as the price of natural resources become more expensive and scarce thus the demand will grow overall for a cheap and zero bi-product alternative like solar panels. The supply of sunlight, the power producer is unlimmited and free Why we should invest in First Solar
December 31st, 2010 $130.14
Febuary 17th, 2010 $170.80
March 2nd, 2010 $145.64
We should invest our $500,000 in First Solar because they are the leaders in the Solar Panel Market with their Low cost high yield solar panels that keep advancing and becoming more efficient with First Solar's Technology. They are a PROVEN successful company with bright ideas that turn into cash year after year.
Key Investment facts about First Solar:
Net sales for the fiscal year 2010 were $2,564 million, up 24% from $2,066 million in fiscal year 2009.
Ranked #1 by Forbes Magazine as the fastest growing technology company two years in a row
First Solar has a backlog of long-term contracts totaling approximately $6.3 billion in sales. Yet another reason why First Solar towers over its competition. Solar Cell Recycling As the result of global industrialization and economic growth, the issue of what happens to products at the end of their useful life needs to be addressed. First Solar is embracing its responsibility by implementing solutions today to reduce the number of solar modules that end up as waste in the future. Practicing a concept called extended producer responsibility, First Solar has voluntarily established the photovoltaic industry’s first comprehensive, prefunded solar module collection and recycling program.
90% of the Solar Pannel is recyled into new pannels to not waste CdTe In November 2008, Fortune reported that First Solar is "run by managers who are fanatics about meeting goals and avoiding unnecessary costs routinely blows away both its own and the Street's targets.” While much of the credit for First Solar's success can be attributed to its management, the low cost of its solar modules has been the key to its performance. First Solar's use of cadmium telluride instead of silicon has allowed it to achieve a significantly lower price point, especially compared to crystalline-silicon PV which averages $1.85 per watt. Life Expectancy of panels is 25-35 years
Guaranteed for 10 years
Goverment Subsidies One of the best incentives to buy a solar panel is the government rebate. The Government wants more green energy and the Solar Photovoltaic Rebate Initiative (SPRI) very kindly gives you one dollar back for every watt you install. A basic 5W system for a normal home gets roughly $5,000 in rebates. Larger homes and business will obviously get more of a incentive to buy making this a tasteful purchase for anyone looking to save money and go green. Questions?
Comments? Overall The population worldwide is going to continue to grow and with that growth, electrical power is need. The larger demand for power with its limited supply will raise its price according to the law of Supply and Demand. Solar Panel technology is a way to not only save money and be eco friendly, it is the way of the future, a green future. The company that is leading the charge into this Solar Panel future is First Solar with its cutting edge technology and strong management. HI