The largest US-based solar manufacturer swallowed a net loss of $62.3m for the first quarter, amid plunging revenues. By comparison, First Solar netted $112m in profit in first-quarter 2014, and nearly $400m for the whole of 2014.
Quarterly revenues fell to $469m, from $1.01bn during the fourth quarter of 2014.
First Solar is holding more finished projects on its books for the yieldco, rather than selling them, which partly explains the sharp revenue decline.
