Another Sweet deal for Buffett – Who pays? You do! Yesterday, First Solar (FSLR) announced that it had sold its interests in a big solar project called Topaz.
The buyer was MidAmerican Energy Holdings, a subsidiary of Berkshire Hathaway. So Warren B. is behind the transaction. I think he got another sweetheart deal. This time, it’s the taxpayers who will be making Buffett richer. FSLR:NASDAQ GS Stock Quote - First Solar Inc. First Solar (@FirstSolar) sur Twitter. First Solar - Wiki. Technology[edit] First Solar manufactures cadmium telluride (CdTe)-based photovoltaic (PV) modules, which produce electricity with a thin CdTe film on glass.[10] In February 2013, First Solar created a cell with an 18.7% efficiency, a world record breaking its previous 2011 world record of 17.3% efficiency.[11] Corporate history[edit] In 1984, inventor and entrepreneur Harold McMaster founded Glasstech Solar.
McMaster foresaw the opportunity to manufacture low-cost, thin film cells on a large scale. After trying amorphous silicon, he shifted to CdTe at the urging of Jim Nolan and founded Solar Cells, Inc., (SCI) in 1990.[12] In February 1999, McMaster sold the company to True North Partners, an investment arm of the Walton family, owners of Wal-Mart.[13] John T.