Although its new ‘String Ribbon’ PV module manufacturing plant is not due to start volume production until sometime ‘mid-2010,’ Evergreen Solar said that it has successfully produced its first wafers in its ‘Quad-furnaces’ as part of its training program at the facility located in Wuhan, China. The company also noted that module shipments for the first quarter of 2010 reached a new record of 35.4MW. Revenue on a preliminary unaudited basis would be approximately US$78.5 million and average selling price was approximately US$2.20 per watt. Manufacturing costs were approximately US$2.05 per watt, the company said.
“Operationally, our Devens facility is performing very well, and as a result, we expect production and sales to increase to between 37 to 38 megawatts for the second quarter of 2010,” commented Richard M. Feldt, Chairman, CEO and President, Evergreen Solar. “Overall, demand for our product in the first quarter was strong and our selling prices decreased modestly by approximately 4% from the fourth quarter of 2009, mostly due to the stronger US dollar.”
Evergreen Solar still expects to ship approximately 175MW in 2010, based on continued customer demand guidance.