IHS believes that in 2013, the cadmium telluride (CdTe) innovator could be the first EPC firm to install 1GW of solar power

First Solar is certainly living up to its name.

Research analyst IHS ranks the CdTe panel manufacturer as the No.1 company expected in 2013 to become the first engineering, procurement and construction (EPC) firm ever to install 1 gigawatt worth of solar or photovoltaic (PV) power systems in a single year.

The US based company is forecast to install 1.1 gigawatts (GW) of solar systems in 2013, more than double the 516 megawatts (MW) in 2012, says IHS.

This high rate of growth will allow First Solar to maintain its leadership in the EPC business for the year, despite even faster growth from Chinese rivals, No. 2 China Power Investment Corp. (CPIC) and third-ranked GD Solar.

EPCs, or system integrators, are vertically integrated contractors that build large-scale solar projects. Companies like First Solar are capable of a full range of installation tasks, including designing installation projects, procuring materials and building assignments.

First Solar and a number of companies build projects developed in-house, generating revenue from the sale of completed PV power plants. Others focus on EPC for third-party developers, sometimes in combination with in-house development.

First Solar’s growth is built on its strategy to cultivate a pipeline of PV projects, in which it takes on major undertakings, sells them to other firms and then uses the proceeds to buy other large-scale installations.

For example,in May,  First Solar announced the sale of the Campo Verde Solar Project, which is under construction in Southern California. Campo Verde will have a nameplate capacity of 139 MW of alternating current (MWac) when it is completed at the end of 2013.

With the money it made from the sale, First Solar expanded its pipeline with the acquisition of three other projects under development with a total capacity of 260 MWac, due for completion by the end of 2015.

“First Solar’s successful strategy of acquiring, installing and divesting projects will keep the company among the world’s leading solar system integrators over the next years," says Josefin Berg, senior analyst for downstream solar research at IHS. “This approach not only offers a sales outlet for modules, but more importantly also generates project-sales revenue that cushion the company when seeking new growth markets."

In January, First Solar took a major step toward expanding its business outside the United States when it acquired Chilean PV developer Solar Chile and its early-stage 1.5 GW project.

AngelTech Live III: Join us on 12 April 2021!

AngelTech Live III will be broadcast on 12 April 2021, 10am BST, rebroadcast on 14 April (10am CTT) and 16 April (10am PST) and will feature online versions of the market-leading physical events: CS International and PIC International PLUS a brand new Silicon Semiconductor International Track!

Thanks to the great diversity of the semiconductor industry, we are always chasing new markets and developing a range of exciting technologies.

2021 is no different. Over the last few months interest in deep-UV LEDs has rocketed, due to its capability to disinfect and sanitise areas and combat Covid-19. We shall consider a roadmap for this device, along with technologies for boosting its output.

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Additional areas we will cover include the development of GaN ICs, to improve the reach of power electronics; the great strides that have been made with gallium oxide; and a look at new materials, such as cubic GaN and AlScN.

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