31 Aug '12, 1pm

First Solar Ahead of Schedule at Agua Caliente, Halts Deliveries, Installation: First Solar Inc., the biggest U...

First Solar Ahead of Schedule at Agua Caliente, Halts Deliveries, Installation: First Solar Inc., the biggest U...

First Solar won’t ship additional modules until January to the $1.8 billion Agua Caliente project and won’t install panels currently sitting on the ground at the site, said Fred Pech, the power plant’s construction manager. The solar farm is scheduled for completion at the end of 2013 and is 85 percent built. The company, based in Tempe, Arizona, accelerated construction on Agua Caliente this year to use panels it produced as far away as Germany and Malaysia amid a global glut. Now it’s diverting shipments to other projects to prevent inventories from piling up, said Aaron Chew, an analyst at Maxim Group LLC in New York. First Solar delivered panels to the project “because it was more profitable,” Chew said today in a telephone interview. “They overdid Agua Caliente.” Expanding its focus on power plants helped make First Solar the only profitable solar company in the Bloom...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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