First Solar, Inc. (Nasdaq: FSLR) and BW EUROPE announced they have concluded a distribution arrangement under which BW EUROPE will sell First Solar's advanced, thin-film solar modules in Italy.
BW EUROPE is a leader in module sales in Italy, including building-integrated photovoltaics and photovoltaic (PV) systems integration. First Solar is a leader in the production of thin-film solar modules using a thin-film cadmium telluride semiconductor with excellent field performance under Italian climatic conditions. More than 5 gigawatts (GW) of First Solar modules have been deployed worldwide since their commercial debut in 2002.
"We are pleased to be able to offer our customers products known for high yield and reliability and from an international market leader like First Solar," said Enrico Tonduti, President of BW EUROPE S.p.A. "First Solar modules produce higher yields than competing modules in field performance with an attractive look that appeals to our most discerning customers."
"BW EUROPE is a strong distribution partner for First Solar in Italy thanks to its experience with thin-film PV and its reputation for serving aesthetically demanding customers," said Alfredo di Stefano, Italy Account Manager for First Solar. "This collaboration presents a good opportunity for both companies to serve the market for clean, sustainable solar power in Italy."
First Solar utilizes a continuous manufacturing process which transforms a sheet of glass into a complete solar module in less than 2.5 hours, which contributes to the company's industry-leading energy payback time and the low carbon footprint of systems using First Solar PV modules. First Solar also implemented the industry's first comprehensive, prefunded solar module collection and recycling program.
