First Solar Commissions Western Hemisphere's Largest Solar R&D Center, Facility Part Of ~Half-Billion Dollar Investment In U.S. Thin Film R&D Infrastructure
Portfolio Pulse from Benzinga Newsdesk
First Solar has commissioned the largest solar R&D center in the Western Hemisphere, part of a half-billion dollar investment in U.S. thin film R&D infrastructure. The new facility, named the Jim Nolan Center for Solar Innovation, aims to reinforce America's leadership in thin film PV and has announced a new world record with 23.1% efficient CdTe cells.
July 18, 2024 | 12:32 pm
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First Solar has opened the largest solar R&D center in the Western Hemisphere, part of a $500M investment in U.S. thin film R&D. The facility sets a new world record with 23.1% efficient CdTe cells, reinforcing America's leadership in thin film PV.
The commissioning of the largest solar R&D center in the Western Hemisphere and the announcement of a new world record for CdTe cell efficiency are significant achievements for First Solar. These developments are likely to enhance the company's reputation, attract new investments, and potentially increase its market share, leading to a positive short-term impact on its stock price.
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