INDUSTRY NEWS

Solar industry facing ‘uncertain policy environment’ ahead of US election, says First Solar

2024-08-01

Capacity expansions at First Solar’s US facilities remain on track, according to the company. Image: First Solar.

US cadmium telluride (CdTe) thin-film module manufacturer First Solar has highlighted the political and policy uncertainties in the US during its second quarter earning call.

Regarding the upcoming US election – which could see a possible change in the executive administration – Mark Widmar, CEO of First Solar, said: “The impact of this uncertainty became more apparent as the second quarter progressed. We have observed increasing constraints on access to capital, both for early stage solar technology companies seeking to finance the next stage of their growth as well as for the established companies looking to build domestic manufacturing capacity. Our financing parties wait to make investment decisions until they have a clear view of the policy picture.”

 

(The above content is reproduced from pv-tech,By  Jonathan Touriño Jacobo)

 

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