# Who does First Solar pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/first-solar · Facet: suppliers · Updated: 2026-09-24T12:55:59.098923+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: First Solar's confirmed suppliers/cost counterparties include FirstEnergy, Air Liquide plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 3 cost edges, backed by 4 dated sources, 1 of them primary filings (as of 2026-09-24).

### Evolar AB (high)
- metric: Amount $36M · May 2023 · Cash paid for 100% of Evolar shares, net of cash acquired
- note: First Solar acquired 100% of perovskite developer Evolar in 2023. Cash paid was $35.5 million net of cash acquired, with up to $42.5 million of additional milestone-based consideration.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-24) https://www.sec.gov/Archives/edgar/data/1274494/000127449426000021/fslr-20251231.htm: "acquired 100% of the shares of Evolar AB"

### 5N Plus (high)
- metric: Market share 33% · 2025-2026 · Increase in CdTe production and deliveries versus the initial contract level
- note: 5N Plus supplies CdTe used in First Solar's thin-film modules. Under an expanded 2025 agreement, deliveries for 2025-2026 were set to rise 33% from the initial level, with CdSe supply beginning in 2026.
- [mentions] Kiwoom Securities (KO, research, published 2025-11-12) https://rreport.einfomax.co.kr/report/eqxgmzgkgmxqmgzgcgzeeez.pdf: "CdTe thin-film modules use relatively little semiconductor material and have a supply structure distinct from the China-centered value chain."
- [confirms] 5N Plus (EN, news, published 2025-08-05) https://www.5nplus.com/en/news/5n-plus-inc-scales-up-and-expands-critical-materia/: "increase its production and delivery of cadmium telluride ... by 33%"

### 퍼스트에너지 (high)  → /firstenergy.md
- note: First Solar is the customer served by a transmission-tap extension and a second substation connection that FirstEnergy affiliates ATSI and Toledo Edison pursued to accommodate added load at its facility, while customer-specific tariff revenue was not disclosed.
- [confirms] American Transmission Systems and Toledo Edison (EN, filing, published 2017-11-08) https://www.firstenergycorp.com/content/dam/corporate/transmission/chrysler-dowling/final-span-installation-first-solar-cn.pdf: "The Project is needed because First Solar is installing a third transformer to handle an approximate 9.4 MVA increase in load."

### Air Liquide (mid)  → /air-liquide.md
- note: Air Liquide's Malaysian subsidiary supplied an expanded nitrogen generation system for new manufacturing processes at First Solar's Kulim plant. Public sources do not disclose the current contract value or recent delivery volume.
- [confirms] SMA America (EN, news, published 2014-02-17) https://www.sma-america.com/newsroom/news-details/first-solar-supplier-awards-2013: "delivering an expanded nitrogen generation system"

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

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