First Solar targets 1 gigawatt production by end of 2009

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Without
the current handicap of polysilicon shortages, thin film CdTe PV
manufacturer First Solar has revealed that it expects annual capacity
to reach approximately 1 gigawatt by the end of 2009 with the expected
full ramp of all four plants in Malaysia going to plan.

Currently, First Solar has completed, slightly ahead of schedule, Plant 1 in Malaysia with equipment installation and line qualification ongoing. Plant 1 is expected to ramp production in the second quarter of 2008.

The three other plants are nearing completion with First Solar expecting capital spending to reach approximately $500 million this year as it aggressively scales its manufacturing.

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