First Solar delays plant start-up - Ahwatukee Foothills News: Money

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

First Solar delays plant start-up

Print
Font Size:
Default font size
Larger font size

Related Stories

Posted: Thursday, March 8, 2012 4:00 pm

First Solar has indefinitely delayed the start-up of the manufacturing plant it is constructing in Mesa because of a worldwide glut of solar panels. The move puts about 600 jobs on hold.

The Tempe-based company said it’s reducing output at plants around the world, to somewhere between 60 to 70 percent of its manufacturing capacity.

Chief Financial Officer Mark Widmer said it wasn’t clear when the company sees a need to put the Mesa plant online.

“We have now decided to put Mesa on hold until market demand justifies additional capacity,” Widmer said.

First Solar will have some workers in the Mesa plant despite the manufacturing delay. More than 100 engineers and administrative employees will move into the building.

Also, the plant will be used to store solar panels. First Solar said it will retain ownership of the site at the southwestern corner of Signal Butte and Elliot roads.

Mesa City Manager Chris Brady said he wasn’t concerned with the delay. The facility will have some activity, Brady said, adding he figures it’s a matter of time before plant is put to use.

“This is an industry going through a correction, so I think we can be patient with it,” Brady said.

The plant was seen as proof the Valley could be a big player in the solar industry when First Solar decided to build in 2011.

The $323 million facility was expected to employ 600 initially. First Solar has enough land to expand and employ 5,000.

First Solar lowered its sales projections for 2012, with the maximum range falling from $4 billion to $3.8 billion.

• Contact writer: (480) 898-6548 or ggroff@evtrib.com

More about

More about

  • Discuss

Kerry’s Blunt Words for Israel Denounced by Lawmakers in Both Parties

A bipartisan chorus of lawmakers, upset with President Obama’s decision last week to allow the passage of a United Nations resolution condemni…

Published: December 31, 2016 - 10:14 am @ http://www.nytimes.com/2016/12/28/us/politics/john…

Gov. Brown Appoints New Public Utility Commissioners to Replace Florio and Sandoval

Martha Guzman Aceves and Clifford Rechtschaffen both come from the governor’s office with strong environmental protection backgrounds. Martha …

Published: December 31, 2016 - 10:14 am @ https://www.greentechmedia.com/articles/read/gov.-…

Presidential vote in congressional districts points to Democratic risks in 2018

Democrats started the 2016 election cycle with pessimism about their chances of taking back the House of Representatives. For a few moments th…

Published: December 31, 2016 - 10:13 am @ https://www.washingtonpost.com/news/post-politics/…

Obama preparing to penalize Russia for hacking

WASHINGTON — The Obama administration is preparing to penalize Russia over the hacking of Democratic officials during this year's presidential…

Published: December 31, 2016 - 10:16 am @ http://www.usatoday.com/story/news/politics/2016/1…

Mail truck tips on Mesa street

MESA, Ariz. - A mail truck ended up on its side in a crash Wednesday. Mesa police say a single-vehicle collision left the United States Postal…

Published: December 31, 2016 - 10:12 am @ http://www.12news.com/news/local/valley/mail-truck…

Reports of mall disturbances light up social media

A flurry of reports of mall melees and disturbances rippled across social media Monday on a day Americans swarmed shopping hubs for post-holid…

Published: December 31, 2016 - 9:51 am @ http://www.usatoday.com/story/news/nation/2016/12/…

Graham, McCain want Russia sanctions after election hacking

Top Republican senators said Wednesday that the incoming Congress and President-elect Donald Trump should impose new and tougher sanctions on …

Published: December 31, 2016 - 9:13 am @ http://www.foxnews.com/politics/2016/12/28/graham-…

Immigration Is the Only Hope for States That Helped Trump

The decline of manufacturing does not explain the decline of Wisconsin. Photographer: Daniel Acker/BloombergFacebook Twitter Email Print Share…

Published: December 31, 2016 - 7:36 am @ https://www.bloomberg.com/view/articles/2016-12-28…

Immigration Is the Only Hope for States That Helped Trump

The decline of manufacturing does not explain the decline of Wisconsin.

Published: December 31, 2016 - 7:08 am @ https://www.bloomberg.com/view/articles/2016-12-28…

Creator of the Red Solo Cup dies at 84

FOX 32 NEWS - The creator of the Red Solo Cup died on Wednesday, December 21, 2016 at the age of 84. Robert Leo Hulseman lived in Northfield, …

Published: December 31, 2016 - 7:07 am @ http://www.fox4news.com/trending/225996868-story

Facebook

ahwatukee.com on Facebook

Twitter

ahwatukee.com on Twitter

RSS

Subscribe to ahwatukee.com via RSS

RSS Feeds

Spacer4px

Most Popular

Online poll

Loading…