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First Solar Will Invest $100 Million in Japan

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America is far from the only nation benefiting from solar energy investment from companies in the sector. First Solar (NASDAQ: FSLR  ) announced today that it will devote roughly $100 million to building such assets in Japan. It will effect this through a local subsidiary, First Solar Japan GK, and its office in Tokyo.

The company pointed out that the government has set a target of installing 28 gigawatts of energy-producing capacity from solar power by 2020.

Japan is considered to be a prime market for renewable energy, following the equipment failure accident at its Fukushima Daiichi nuclear power plant in the wake of an earthquake and tsunami in March 2011. That incident was one of the most severe nuclear disasters in history. 

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Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On November 16, 2013, at 5:06 AM, Rodney7777 wrote:

    Right now .075% of the worlds energy comes from solar. That doesn't sound like much until you realize that solar energy production has been consistently doubling every two years. So to do a little math here, 2015=1.5% 2017=3% 2019=6%. So 2027 = 98%. Just like the internet, it will come out of nowhere to become ubiquitous world wide. In Japan they will be able to close all their nuclear reactors. Same for the rest of the world, Also all coal and natural gas fired plants will be closed. Drilling for oil will end and all refineries will shut down. Local, clean, quiet, abundant, with no moving parts, solar makes sense. My source on this is inventor and futurist, Ray Kurzweil, who by the way also predicted the prevalence of the world wide web with his charts long before it happened.

  • Report this Comment On November 16, 2013, at 5:56 PM, TMFVolkman wrote:

    Rodney7777, you have an interesting angle on the solar story. The issue with renewables, though, is that they still aren't as cost-effective as alternatives. I would say that it's encouraging, however, that change is coming from the top down (i.e., from power producers and municipalities) rather than in the other direction (consumers).

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9/28/2016 4:00 PM
FSLR $39.08 Down -0.01 -0.03%
First Solar CAPS Rating: ***