You are correct that the first law of thermodynamics dictates the energy, but anyone who has parked a car in the sun will tell you, the temperature where the absorption/dissipation equilibrium is achieved is often incompatible with the survival of the cargo.
edit to your edit:
> Edit: ISS is about 90KW steady state, and the collector to radiator area ratio is about 5:1. Dunno about the mass ratio.
Cool; that's about half the wattage of one modern full-height Nvidia AI rack (172kW) - you need two ISSes to service just 1 rack; extrapolate that to a data center's worth of racks and see if the math is mathing. The ISS is about the size of a(n American) football field.