First Solar to delay Mesa facility operations

First Solar Inc. First Solar Inc. Latest from The Business Journals First Solar delays Mesa production plantFirst Solar reports large 4Q loss, loses million in 2011First Solar, Big Green Zero work to energize Taliesin West Follow this company will delay its operations at its planned Mesa plant, citing a market flooded with photovoltaic panels. The move will mean the factory will not being producing panels by early 2013, but Tempe-based First Solar (Nasdaq: FSLR) has said it will finish the plant and move in about 130 engineering and administrative personnel. “As we further evaluate market demand and our capacity requirements, we have now decided to put Mesa on hold until demand justifies additional capacity,” said Mark Widmar, the company’s chief financial officer. “First Solar will retain ownership of the building associated with the site, and we expect to relocate various engineering and work groups there.” Widmar said there is no timetable for the Mesa facility to become operational. It will depend on market demand.

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