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First Solar, Inc. Message Board

  • kevinvests kevinvests Sep 12, 2012 11:38 AM Flag

    Who is the buyer to the 70 MW plants?

    Does anyone know? Is there actually a contract? My understand is that PGE will buy any energy and redistributes for higher cost to homes.

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    • Over the years of DAY tradings which I NORMALLY do not practice anymore, I learned a few tricks . From my experience, it suggests that they are manipulating this stock up only to sell. That is one of the reasons why I sold all my positions. The second, the major reason, is the PGE news in which they are purchasing power from SunPower. In hindsight, I have to admit that this is not a big deal. PGE will purchase power from anyone who can give them profit-- they are the middle man. PGE does not put risk into buying the plant!

      Kevinvests brought up an interesting point, who is buying those 72 MW plants? The news yesterday did not specify. Tesla, if you are saying that fslr is building plants so they can sell energy to PGE, you are dead wrong, because if this is their business moto, they will burn that 700 million cash pot within a quarter and file BK after before they even have a chance to collect. I am sure that if this is lucrative they would have done this along time ago to eliminate the surplus of solar panels that they had.

      So, back to the question: Who is buying the plants? Who is the risk taker to purchase it and subsequently sells energy to PGE? The answer is: We don't know.

      Hence, this ties with my theory of bait and sell-- this is exactly what my observation of the trading pattern for the last couple of weeks told me. Bait and sell. If this is bait and sell strategy, the news they had about PGE agreeing to purchase energy from fslr is basically a bait. The news has ZERO substance behind it. They haven't even found the purchaser (risk taker) to the plants yet, so how can they claim they will be able to sell anything to PGE?

      Bait and sell, and lots of pumped up news lately. You can ride the waves but keep in mind that wave can end abruptly as we saw two weeks ago.

      • 3 Replies to cameleonman
      • First solar will write bonds out for future projects just wait and see .Big companies who need a lot of dirty energy can so reduce there carbon taxes by "owning" clean energy plants.

        Re: First solar bonds for first solar projectsBy johannnordhausen . 12 hours ago . Permalink
        .Solar panel prices are dropping energy prices going up .So produces harvest and invest and...

        Solar panel prices are dropping energy prices going up .So produces harvest and invest and write bonds out for FUTURE PROJECTS .Give guarantee for power not for panels.
        That's what I would do IF I was The real boss (WALMART FAMALY).
        .0 users liked this posts 0 users disliked this posts ReplyReport Abuse .
        .View Replies
        Re: Re: First solar bonds for first solar projectsBy johannnordhausen . 12 hours ago . Permalink
        .Guarantee for power is better then guarantee for panels because new Powerplants can delive...

        Guarantee for power is better then guarantee for panels because new Powerplants can deliver the lost of capacity via the grid to the old powerplants.
        I know I am A genius
        First solar will be in the near Future a Maker and PROVIDER of CLEAN ENERGY.

        Sentiment: Strong Buy

      • You were the irrational pumper the last couple of weeks. Go find another pretend investment to QQ over.

        Sentiment: Hold

      • ha ha

    • Your understanding sucks CamelToe. PG&E is buying the energy to meet its renewable energy regulatory requirements. It just goes into the energy mix of their grid. Dumfuk

    • As I understand it First Solar will own the plant and sell power to PG&E,

      • 2 Replies to teslaguy31
      • FSLR doesn't own any of the plants they have built and to my knowledge doesn't wishh to become an IPP. Once they have a PPA in place they will sell the plant. No one will buy the plant without a PPA so this is the first step

      • First Solar to Sell More Power From Central Valley Area

        by Chris Clarke

        on September 11, 2012 4:00 PM

        Building utility-scale PV in the California desert | Photo courtesy First Solar

        Photovoltaic panel manufacturer First Solar has announced that it will be selling power from two mid-sized utility-scale solar facilities to Pacific Gas and Electric (PG&E), as long as the California Public Utilities Commission gives the agreement its thumbs-up. The Lost Hills Solar Project in northwestern Kern County and the Cuyama Solar Project in the northeasternmost margin of Santa Barbara County will supply up to 72 megawatts of solar photovoltaic power to the Northern California utility.

        Both projects are sited on land that has been farmed for some time. The 32-megawatt Lost Hills site, about 7 miles west of the unincorporated community of Lost HIlls near Wasco, is on land that has been fallowed. The Cuyama site is about 60 miles south, in a small valley near the south end of the San Joaquin Valley, on land now being used to grow carrots, onions, and potatoes.

        If the CPUC approves the power purchase agreement between FirstSolar and PG&E, as is likely, the projects will start delivering power in 2019.

        First Solar's announcement comes a day after the company marked a world record: its Agua Caliente solar project in Yuma County, AZ is officially the largest grid-tied photovoltaic project in the world, at 250 megawatts of capacity. Still under construction, Agua Caliente will reach a 290-megawatt capacity when completed in 2014.

        These announcements are some much-needed good news for First Solar. The nation's largest provider of photovoltaic panels, First Solar has taken a bit of a beating on the stock market over the last few years as it struggles to transform itself from a solar panel supplier to a fully vertically integrated builder of utility-scale PV projects.

        The Lost HIlls and Cuyamaca projects may signal another trend in the making: mid-range utility scale projects below 50 megawatts, built on previously disturbed land closer to power demand and transmission than some of the large desert projects now being built.

        ReWire is dedicated to covering renewable energy in California. Keep in touch by liking us on Facebook, and help shape our editorial direction by taking this quick survey here.

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