
First Solar, Inc. and its subsidiaries engage in the design, manufacture, and sale of solar electric power modules. The solar module is a polycrystalline thin film structure that employs cadmium telluride semiconductor material to convert sunlight into electricity. The company sells its products to solar project developers and system integrators primarily in Germany.
First Solar signs deals, generating $1 bln of sales
Mon Nov 5, 2007
NEW YORK, Nov 5 (Reuters) - Solar panel maker First Solar Inc (FSLR.O: Quote, Profile, Research) said on Monday it signed deals to sell panels to Babcock & Brown (BNB.AX: Quote, Profile, Research) and Ecostream Switzerland, which it projects will generate around $1 billion in sales.
First Solar said the deals, structured like its existing long term deals, expand its contracted volumes for the panels by a total of 557 megawatts.
The company said that to meet the additional demand, the company will build a fourth manufacturing plant in Malaysia, with four production lines.
The new plant is scheduled to start production in the second half of 2009 and will be built adjacent to the three previously announced plants currently under construction, the company said. (Reporting by Michael Erman)
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http://finance.yahoo.com/q/is?s=FSLR&annual
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