“First Solar, at its core, is a technology module manufacturing company,” said Mark Widmar, CEO of First Solar. “Given the significant evolution of developing utility-scale PV projects in the United States, we believe now is an appropriate time to evaluate our options with respect to our U.S. project development business line.”
As the Series 6 transition continued in 2020, First Solar noted it expected US$5 million to US$15 million of ramp-up costs, while adding US$50 million to US$60 million of plant start-up expense US$55 million to US$75 million of ramp-up costs plant start-up expense impacting operating income, US$30 million of Series 4 shutdown other severance costs.
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