L R AS Published on Friday 27 March 2020 - n° 315 - Categories:company results
First Solar continues to produce panels
First Solar's Ohio plants are licensed to operate during the outbreak. The company has confirmed that manufacturing operations continue at its other global plants,
in Kulim, Malaysia and Ho Chi Minh City, Vietnam, despite government restrictions in both countries. For the time being, the company is maintaining its forecasts for 2020: deliveries of 5.8 to 6.0 GW (70% sold to third parties) and sales of 2.7 to 2.9 billion
The continued production of panels is essential for First Solar, which has refocused on manufacturing and is considering whether to discontinue or divest the power plant developer-builder business. The company wants to limit itself to delivering its panels to user-builders (EPCs).
GreenTech Media of 26 March
NDLR Producing is good because the order book is full. But you have to find buyers who have the use of the panels and the means to pay for them. What will happen to First Solar if the installation work stops? Will the company be able to persist in its line of development or will it have to change its forecasts?
