Rise of First Solar continues: New Nevada film solar plant for Sempora
By Nick July 24, 2008
Soaring solar company First Solar just announced plans to build a new thin film solar plant near Boulder City, Nevada (Las Vegas neighborhood) for Sempra Energy. The turnkey plant will produce 10 MW of electricity and will be owned and operated by Sempra after it’s development by First Solar, and the plant will be placed right next to an existing natural gas plant to utilize existing infrastructure. The plant will use the First Solar’s usual cadmium telluride for the film, not the silicone that is typically used in such solar panels.
First Solar has been on fire the past year or so earning the nickname the Google of solar, with its stock price up 146% the past year bringing it to $246. The company expects sales equal $1 billion this year by shipping equipment capable 460 MW of eco friendly solar electricity.
But like Google’s motto “don’t be evil” First Solar claims to be the most environmentally friendly thin film solar company since their plants supposedly create zero emissions, and in their manufacturing processes they fully recycle the materials being used.
With high energy prices, a possible liberal administration, growing US environmental concern, and possibly twice as efficient MIT solar panel technology, First Solar is well positioned to be the Google of the solar industry
Topics: Energy |
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