First Solar's quarterly financial reports

First Solar Benefits from Biden's Green Energy Initiatives After $2 Million in Donations, Lobbying Efforts

Jun 26, 2024, 02:38 PM

Recent reports reveal that First Solar, the largest domestic maker of solar panels, has significantly benefited from the Biden administration's green energy initiatives. Executives, officials, and major investors in First Solar donated at least $2 million to Democrats in 2020, including $1.5 million to Biden's presidential campaign. The company also spent nearly $5 million on donations and lobbying efforts targeting the Biden administration and Democrats. This follows a pattern established during Barack Obama’s administration, where First Solar and the solar industry received substantial subsidies. As a result, First Solar is now experiencing significant financial gains. The company lobbied on Biden’s signature climate bill, which promised to spend billions of dollars to combat climate change.