First Solar bagging most of India’s National Solar Mission projects, says Deutsche Bank analyst


  • FSLR
    +0.58 (0.83%)
    4:00PM EDT

Thin-film market leader and number two ranked PV module supplier First Solar is said to have almost secured around 80–90% of projects (200MW-plus) under India’s 2012 National Solar Mission projects, according to Deutsche Bank analyst Vishal Shah. Shah was cited in an investor note previewing First Solar’s fourth quarter results to be issued February 28.

The analyst also noted that First Solar is also working with several other Indian state governments, with projects estimated to be worth over 200MW. In total, Shah believes India could represent over 20% of First Solar’s production in 2012.

Shah also said that the US Ex-Im bank had played a critical role in project finance, which required modules from First Solar to be used in overseas projects to come from US-located production facilities.

Shah wrote: “From a planning perspective, FSLR probably needs to allocate 100% of the US capacity to Indian projects.”


Preview Latest
We won't share your details - promise!


  • Photovoltaics International 23rd Edition

    This issue of Photovoltaics International, our 23rd, offers key insights into some of the technologies that are ready to move from lab to fab in support of these goals. ISC Konstanz offer a glimpse of what the low-cost, high-efficiency solar cells of the future might look like. On page 35 the institute’s authors give an overview of what they call Konstanz’ “technology zoo”, encompassing their so-called BiSoN, PELICAN and ZEBRA cell concepts, all of which are aimed at increasing energy yield at the lowest possible cost.

  • Manufacturing The Solar Future: The 2013 Production Annual

    In the ever-changing global solar markets, cost reduction and measures to increase cell efficiencies are the key tools available to PV manufacturers to create new opportunities and drive your business to the next level. Manufacturing the Solar Future 2013 is the third in the Photovoltaics International PV Production Annual series, delivering the next instalment of in-depth technical manufacturing information on PV production processes designed to help you gain the competitive edge.



Solar Media