First Solar announced that it, working together with advisors, is reviewing options for its U.S. project development business. The company said, “The consideration of potential options for its U.S. project development business by First Solar is at a preliminary stage and may not result in any transaction being consummated. First Solar does not intend to disclose further developments with respect to this evaluation process except to the extent the process is concluded or it is required by law or otherwise deemed appropriate.” Said Mark Widmar, CEO of First Solar, “First Solar, at its core, is a technology and module manufacturing company. 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.”
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