On Tuesday, First Solar (NASDAQ: FSLR) held its annual earnings conference and announced the results of its second quarter earnings report. US Solar has had a great year, according to John D'Angelo, the company's chief executive and chief financial officer.
Since its inception in 1999, First Solar has invested approximately $3 billion in the state, and more than 250 U.S. suppliers work at its Perrysburg, Ohio plant. Last year, the American solar panel company expanded its production facility and established a factory for coating glass with transparent conductive oxide glass (TCO) in Troy Township. The flagship plant in Perryburg is responsible for the production of approximately 1,000 MW of solar panels per year and indirectly supports more than 4,500 jobs in Ohio. In its quarterly results today, First Solar dropped a bombshell and announced that it will build a new thin-film solar plant in Ohio. Thin-film, high-efficiency, and low-cost solar energy has been First Solar's sole domain for the past decade, but now an Ohio competitor has joined the fray.
Wood Mackenzie and IHS recognize Perryburg's ability to operate and maintain a 1: 1 solar power plant at a cost-effective, high efficiency and low yield. Wood Mackinnon & IHHS recognizes Perrysburg's ability to operate and maintain a utility - scaling solar thermal systems with low operating and maintenance costs and a high level of efficiency and cost efficiency.
First Solar manufactures solar panels in Perrysburg and is also driving the company's research and development efforts to improve the efficiency, reliability and cost-efficiency of its solar thermal systems. Six production lines with 1,400 employees are running through the plant to produce solar power plants on a supply scale.
First Solar is in the midst of a major expansion of its Perrysburg, Ohio plant that will go into operation later this year. It will triple its production capacity and make it the largest solar power plant in the United States.
Power Ohio also estimates that it would generate more than $7.8 billion in investment and create 5,500 jobs. First Solar, a manufacturer based in Perrysburg, manufactures solar panels in Ohio, and Toledo Solar is a US manufacturer. In fact, several sites in Ohio are currently under development, which together include the largest solar power plant in the United States and the second largest in Europe.
Many Ohioans may not know that Ohio has led the country in solar panel manufacturing, which in turn supports more than 1,000 full-time jobs in the solar industry. Unstable and overly burdensome energy policies have hampered the development of solar energy in Ohio, making it harder for Ohioians to enjoy the benefits of clean, low-cost solar energy and making it harder for the state to compete for new expansion projects from companies seeking renewable energy. As an Ohio company, we hope Ohio reverses this trend and paves the way for solar energy. Companies like First Solar are active in all forms of energy production, from solar panels to wind turbines to solar photovoltaics.
If you are interested in speaking to a solar energy expert in Perrysburg, please contact us to arrange a completely free consultation and cost estimate. We can provide free consultations and estimates to learn more about the solar industry in Ohio and the state of Ohio in general, and the impact of solar energy on the Ohio economy.
Atlas Solar Innovations "trained professionals take all necessary precautions to prevent factors such as roof damage and tree growth from causing predictable problems with your solar system in the future. You can discuss the solar panel you are interested in with a local solar company in Perrysburg that provides free consultations and quotes.
Atlas Solar Innovations, we strive to help as many homeowners as possible take advantage of solar energy. If you want to learn more about solar and energy solutions in Perrysburg, Ohio, please read the most frequently asked questions to learn more about what Atlas Solar Innovation Companies can offer in OH.
Although solar technology will never count as electricity or fuel, you could find yourself in Perrysburg with a solar panel installation. With the International Energy Agency's 2020 report identifying solar as the cheapest source of electricity in history, more than half of the country's businesses and households will need solar panels to keep the lights on. The conversion to solar energy could be the first step towards green electricity for you as a property owner. We are sure that you will love the information you receive and the savings that a professional solar and energy company can offer.
Silicon solar modules are one of the most efficient ways to generate energy due to their composition and design. Silicon-based solar panels will only become cheaper and more efficient, which could negate First Solar's market advantage. Thin-film solar modules, on the other hand, do not generate nearly as much energy as silicon, but are inexpensive to install.