First Solar Company Description
Like the ancient Egyptians who worshiped Ra, First Solar looks to the sun for rising fortunes. The company develops and makes photovoltaic (PV) modules for converting sunlight into electricity. Using a thin-film semiconductor process, a piece of glass is transformed into a complete solar module in less than three hours. The technology is cheaper to make, and can produce more electricity under real-world conditions than conventional silicon solar panels with similar power ratings. Founded in Ohio, First Solar finds a hospitable public-policy environment abroad for manufacturing, marketing, and distribution operations. Most of its module sales are to solar project developers and system integrators in Germany.
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The Company Description provides a historical perspective of First Solar's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of First Solar's evolution in the marketplace.
