First Solar (FSLR) To Collaborate With National Bank of AZ And Solar City On Phoenix Installation

First Solar just announced that will collaborate with National Bank of Arizona and SolarCity to build a 22 KW commercial solar installation in Phoenix, Arizona. The installation will be the second-largest in Phoenix and the first to use First Solar’s products. The installation will power National Bank of Arizona headquarters, placing 2,960 First Solar advanced thin-film modules on top if the carports that line the bank’s parking lot.

Why did National Bank choose First Solar? A company press release explains:

First Solar’s advanced, thin film modules are well suited for the project, as they perform well in Arizona’s high heat. The First Solar systems should allow NBA to offset the emission of more than 11 million pounds of greenhouse gases over its lifetime, the equivalent of planting more than 6,400 trees, or taking more than 1,400 cars off the road for a year.

“We’ve worked very hard, with partners like SolarCity, to make solar power more affordable,” said Lorraine Paskett, First Solar’s vice president of policy and market development. “It’s very exciting and rewarding to see a fellow Arizona business adopt our technology.”

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