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Released January 21, 2025 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. renewable-energy sector is facing an uncertain outlook as Donald Trump returns to the presidency, but one company might be in a better position than most: First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona), which already has a strong domestic manufacturing presence. Industrial Info is tracking more than $34 billion worth of active and planned projects across the U.S. featuring First Solar, about $18 billion of which is attributed to projects Industrial Info believes have an 81% or higher likelihood of beginning construction as scheduled.
Click on the image at right for a graph detailing the top 10 parent companies for projects across the U.S. featuring First Solar, by total investment value.
Tom Curran, an energy transition analyst for Seaport Global Holdings LLC (New York, New York), was quoted in Barron's as saying First Solar is "one of the sector's few established blue chips and a company that, in our view, has the best risk-reward profile specific to policy." The company's established presence in the U.S. would make it a preferable provider for solar technology amid Trump's threatened tariffs, "with a manufacturing operation that is fully vertically integrated, set to more than double in capacity just three years from 6 GW in 2023 to 14 GW (gigawatts) in 2026, and heavily covered by a high-integrity order backlog," Curran said.
Trump repeatedly has said he would impose 25% tariffs on all imports from Canada and Mexico, along with an additional 10% tariff on imports from China. But it remains to be seen how long such a policy would last. Curran also noted any significant changes to former President Joe Biden's 2022 Inflation Reduction Act could push solar developers to place orders for components earlier.
Texas leads among U.S. states for investments in projects featuring First Solar, including one of the largest under construction: Repsol Petroleo S.A.'s (Madrid, Spain) $979.5 million Pinnington Solar Plant in Jacksboro, which is being handled by subsidiary Hecate Energy Longhorn Solar LLC. Repsol Petroleo began construction in April on a project that will use First Solar's Series 6 panels and inverters to generate 653 megawatts (MW). It currently is expected to wrap up in the second quarter of 2026.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project and Plant databases can learn more from a detailed project report and plant profile.
Like Texas, Arizona is known for its bright skies and persistent heat, which make it an ideal setting for solar power. Longroad Energy Holdings LLC (Boston, Massachusetts) began construction toward the end of 2023 on two such projects, both of which are set to wrap up in 2025: the $520 million Serrano Solar Plant in Marana, which is about 85 miles northwest of Tucson, and a $300 million addition to its Sun Streams Solar Plant in Arlington, which is about 40 miles west of Phoenix. The projects would generate 217 and 500 MW, respectively, by utilizing First Solar's Series 7 and Series 6 technology. The Serrano project also will feature a 217-MW battery energy-storage system (BESS) unit.
Subscribers can learn more from detailed reports on the Serrano and Sun Streams projects.
Nevada is another sunny spot for First Solar, which is supplying 1.25 million modules to renewables-focused investment manager Quinbrook Infrastructure Partners's (New York, New York) $1.2 million Desert Marble Solar Plant in Valmy, about 200 miles northeast of Reno. The complex, which is expected to begin construction in the second quarter, is designed to generate 500 MW and store the same capacity in a BESS unit. Subscribers can learn more from a detailed project report and plant profile.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for active and planned projects across the U.S. featuring First Solar.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing the top 10 parent companies for projects across the U.S. featuring First Solar, by total investment value.Tom Curran, an energy transition analyst for Seaport Global Holdings LLC (New York, New York), was quoted in Barron's as saying First Solar is "one of the sector's few established blue chips and a company that, in our view, has the best risk-reward profile specific to policy." The company's established presence in the U.S. would make it a preferable provider for solar technology amid Trump's threatened tariffs, "with a manufacturing operation that is fully vertically integrated, set to more than double in capacity just three years from 6 GW in 2023 to 14 GW (gigawatts) in 2026, and heavily covered by a high-integrity order backlog," Curran said.
Trump repeatedly has said he would impose 25% tariffs on all imports from Canada and Mexico, along with an additional 10% tariff on imports from China. But it remains to be seen how long such a policy would last. Curran also noted any significant changes to former President Joe Biden's 2022 Inflation Reduction Act could push solar developers to place orders for components earlier.
Texas leads among U.S. states for investments in projects featuring First Solar, including one of the largest under construction: Repsol Petroleo S.A.'s (Madrid, Spain) $979.5 million Pinnington Solar Plant in Jacksboro, which is being handled by subsidiary Hecate Energy Longhorn Solar LLC. Repsol Petroleo began construction in April on a project that will use First Solar's Series 6 panels and inverters to generate 653 megawatts (MW). It currently is expected to wrap up in the second quarter of 2026.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project and Plant databases can learn more from a detailed project report and plant profile.
Like Texas, Arizona is known for its bright skies and persistent heat, which make it an ideal setting for solar power. Longroad Energy Holdings LLC (Boston, Massachusetts) began construction toward the end of 2023 on two such projects, both of which are set to wrap up in 2025: the $520 million Serrano Solar Plant in Marana, which is about 85 miles northwest of Tucson, and a $300 million addition to its Sun Streams Solar Plant in Arlington, which is about 40 miles west of Phoenix. The projects would generate 217 and 500 MW, respectively, by utilizing First Solar's Series 7 and Series 6 technology. The Serrano project also will feature a 217-MW battery energy-storage system (BESS) unit.
Subscribers can learn more from detailed reports on the Serrano and Sun Streams projects.
Nevada is another sunny spot for First Solar, which is supplying 1.25 million modules to renewables-focused investment manager Quinbrook Infrastructure Partners's (New York, New York) $1.2 million Desert Marble Solar Plant in Valmy, about 200 miles northeast of Reno. The complex, which is expected to begin construction in the second quarter, is designed to generate 500 MW and store the same capacity in a BESS unit. Subscribers can learn more from a detailed project report and plant profile.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for active and planned projects across the U.S. featuring First Solar.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
