Case Report: To complete a strategic planning report for First Solar, Inc - Research Paper Example

The company has various subsidiaries as summarized in the table below; The company operates within two segments: system segment and components segments. Components segments manufactures and designs and manufactures and sells solar modules to system integrators and solar project developers. System segment is responsible for provision of PV solar system for commercial systems, which involves engineering, procurement and construction (EPC), project development, operating and maintenance (O&M), and to some occasions project finance.

There has been huge plans lately that are focused to improve module and system level innovations. There has been an overall increase in the global demand of for PV solar electricity, which has prompted the company to develop a differentiated, fully integrated systems business that can provide competitively priced utility-scale PV solutions for system owners and low cost solar electricity to end users. The company’s Mission statement “To create enduring value by creating a world powered by clean, affordable solar electricity.

” First Solar is dedicated to make sure that it provides clean energy to its consumers, and also to make sure that the energy is sustainable by harnessing the desert sun. The executives at First Solar are dedicated persons that ensure that the company works to the highest levels of efficiency. From the mission statement of provision of affordable solar electricity, the products and services have been formulated taking great consideration of cost efficiency, both to the manufacturer and to the consumer.

As indicated earlier First Solar is the world larges firm in the production of thin film photovoltaic (PV), or solar panels, which is achieved by conversion of sunlight to electricity. Due to this, First Solar is able to produce energy and provide goods that will ensure that electricity will be attained at the cheapest cost as compared to other types