# Who are First Solar's customers? Who does First Solar earn revenue from?
Canonical: https://valuechain.wiki/first-solar · Facet: customers · Updated: 2026-09-24T12:55:59.098923+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: First Solar's confirmed revenue counterparties include NextEra Energy plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 2 revenue edges, backed by 3 dated sources, 1 of them primary filings (as of 2026-09-24).

### NextEra Energy (high)  → /nextera-energy.md
- metric: Revenue share 10% · FY2025 · Minimum share of First Solar net sales
- note: NextEra Energy was a major customer representing at least 10% of First Solar's 2025 net sales. The companies have also publicly documented prior transactions involving solar projects and First Solar modules.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-24) https://www.sec.gov/Archives/edgar/data/1274494/000127449426000021/fslr-20251231.htm: "NextEra Energy each accounted for 10% or more"
- [mentions] NextEra Energy (EN, news, published 2010-12-06) https://newsroom.nexteraenergy.com/NextEra-Energy-Resources-to-purchase-Canadian-solar-projects-from-First-Solar: "entered into agreements ... to purchase four solar photovoltaic projects"

### Silicon Ranch Corporation (high)
- metric: Revenue share 10% · FY2025 · Minimum share of First Solar net sales
- note: Silicon Ranch was a major customer representing at least 10% of First Solar's 2025 net sales. A 4 GW module supply agreement announced in 2022 covered deliveries to U.S. projects from 2023 through 2025.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-24) https://www.sec.gov/Archives/edgar/data/1274494/000127449426000021/fslr-20251231.htm: "Silicon Ranch Corporation ... accounted for 10% or more"
- [confirms] Silicon Ranch (EN, news, published 2022-04-12) https://www.siliconranch.com/stories/silicon-ranch-and-first-solar-expand-partnership-with-4gw-supply-agreement/: "signed a master supply agreement ... to supply 4 gigawatts"

Reverse side: https://valuechain.wiki/first-solar/suppliers.md · Ripple: https://valuechain.wiki/first-solar/ripple.md

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Full node: https://valuechain.wiki/first-solar.md · JSON: https://valuechain.wiki/first-solar.json