First Solar (FSLR) Adding 250MW Capacity In Arizona

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07:08:44 pm on March 18, 2011

First Solar (FSLR) announced late this week that it plans to add 250MW of additional manufacturing capacity with four new manufacturing lines (with capability to expand to 10) in Mesa, AZ, doubling its US capacity to 500MW.  The company will spend $300 million and begin construction in a couple weeks to finish in about a year.  The 135 acre site being used is an old GM vehicle testing site and will include an extensive ground mounted solar testing site. 

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"This is thrilling news for Arizona," said Gov. Jan Brewer, in a statement. The state’s abundant sun and solar power plants — as well as "supportive state and federal policies," including federal DoE loan guarantees, Arizona’s Competitiveness Package, and support from local stakeholders — "proved instrumental in our decision," noted First Solar president Bruce Sohn.

Shares of FSLR remain technically bullish.  After a healthy pull back for a few weeks, the stock gapped up with volume out of consolidation following the Japanese nuclear concerns (as did all solar stocks).

 

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Comments  

Alright first solar.. its in great position especially with nuclear meltdown.. solar panels r the way to go..

 

the one reason I dont like solars is the huge capex to build a plant………

1000MW wind plant can be built for 50 million and yet solar is looking at spending 300 Million capex to build 250mw solar plant……….scale favors wind!

 
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