Companies Exploring Solar Energy, Establishing Foothold in Hot Industry - Seite 3

This burgeoning solar growth presents a major opportunity for SinglePoint and Direct Solar to establish a leadership role within a promising industry. SinglePoint is well equipped to make this move.

Initially a full-service mobile technology provider, the company has grown through diversification into the horizontal market and has created an impressive portfolio by acquiring an interest in undervalued subsidiaries. Throughout this process, SinglePoint has built a reputation for researching opportunities where it can be active within a company and influence strategy and direction. Target companies are typically undervalued and cash-flow positive with high potential and verified assets.

Other Companies Seeking Solar Options

SinglePoint isn't the only company exploring solar energy options.

In 2018, First Solar Inc. (NASDAQ:FSLR) announced plans to build a new $400 million solar module manufacturing facility in Lake Township, Ohio. Construction began in mid-2018 on the 1 million-square-foot facility, which will manufacture Series 6 thin-film PV modules and triple First Solar's U.S. capacity. The facility is scheduled to enter full production mode in late 2019. The new facility will be located within a mile of First Solar's flagship manufacturing center in Perrysburg Township. In addition, First Solar has developed, financed, engineered, constructed and currently operates many of the world's largest grid-connected PV power plants.

Self-described as the world's largest producer of wind and solar energy, NextEra Energy Inc. (NYSE:NEE) is a leader in solar energy development. Almost a decade ago, the company's FPL Group broke ground on a 10-MW solar power facility at the Kennedy Space Center, and in 2015, the company's Desert Sunlight Solar Farm — one of the world's largest solar projects — began commercial operation in Riverside County, California. A year later, FPL partnered with Daytona International Speedway to complete the FPL Solar Circuit, a system of more than 7,000 solar panels built as canopies that not only generate electricity for FPL customers and the speedway operations but also offer shade to face fans. Currently, FPL is midst of completing one of the largest solar expansions ever, bringing eight new solar energy centers online in 2018 with plant so install more than 10 million solar panels by 2023.