First Solar’s market share set to soar

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Setting the lowest cost per watt production figures in the photovoltaics industry while ramping production past the 1GW level in 2009, should prove to be the key reasons why First Solar becomes the largest solar cell producer in 2009, leapfrogging Q-Cells and Sharp for the first time. According to market research firm, iSuppli Corp, First Solar is set to produce more than double the 503MW it made in 2008 and increase its market share as well as be responsible for nearly a third of global installations this year!

Totting-up first-half year figures and taking into account third quarter company projections, iSuppli has projected some impressive gains for the CdTe thin film leader in 2009. The market research firm believes that First Solar is set to produce 1,100 Megawatts (MW) worth of solar cells in 2009 and actually have the majority of this record production level installed rather than a given percentage stuck in inventory. This is in contrast to many rivals facing inventory build as the weak market simply cannot absorb the significant overcapacity being generated this year.

“First Solar sells its products at very competitive prices, always undercutting crystalline cells,” noted Dr. Henning Wicht, Senior Director and Principal analyst for iSuppli. “With its capability to produce cells at a cost of 89 cents per watt in the second quarter, First Solar is generating stable operating margins, while its competitors are struggling to stay profitable. Despite global oversupply of PV modules, First Solar is continuing to expand and is able to sell nearly all of its finished goods.”

First Solar will also be the only company among the Top-4 (Suntech, Sharp & Q-Cells) solar cell suppliers able to gain market share in 2009, according to iSuppli. Its global share is expected to rise to nearly 13% (12.8), up from 7.5% in 2008.

More impressively, iSuppli predicts that First Solar’s cells will account for as much as 28% of the estimated 3.92GW total installed base for 2009, closing in on a third of the expected market demand for the year.

Because of its cost advantage, thin film technology overall will grow to account for 34.5% of worldwide solar production in terms of MW in 2013, up from 14.2% in 2008.

 

19 October 2021
This year’s EV World Congress will hold a special role, not only as the first live EverythingEV event in over a year – a chance to renew your connections and re-engage with the EV sector face to face – but also as a chance to share insight and inspiration as world starts to look towards move on post COVID towards hitting ambitious decarbonisation goals in 2030 and beyond. As ever, we will be bringing world leading organisations, cities, and technology providers to the UK to inspire EV innovators, and delve into the challenges facing the sector as the UK looks to revolutionise road transport.
20 October 2021
Utility-scale solar is evolving, shaped by higher power modules and demand for increasingly lower levelised cost of electricity (LCOE). Those trends are also changing project requirements elsewhere, with inverters capable of delivering high power density and power capacity in strong demand. In this webinar, FIMER will detail how its innovative high-power, multi-MPPT string inverter and modular conversion solution can both meet those demands and transform the utility-scale solar sector for the better.
20 October 2021
The race is on but we need to sprint… With global climate talks fast approaching and time running out to prevent the most disastrous impacts of climate change, now is the time to act. The Summit will explore the opportunities that emerge from taking action on climate change and provide a clear pathway forward for governments, citizens and companies. Taking place just 10 days before the G20 meeting in Rome, on 30-31 of October, and in the lead up to the critical COP26 meeting in Glasgow from 31 October–12 November, this event will be instrumental in influencing ambitious global action.
10 November 2021
The solar tracker market continues to mature at breakneck speed, with designs and component selections becoming ever-more complex in the pursuit of better project economics. But a more simplistic design could deliver a triple benefit of lower Capex, EPC and Opex costs. This webinar will set out the ideal single axis tracker design for utility-scale solar farms. The design leapfrogs from decades of experience, with a comprehensive understanding and attention to the three cost structures of Capex, EPC and Opx. Sun and Steel Solar has prototyped a single axis tracker designed to deliver up to US$0.03/W in real savings compared to existing single axis trackers on the market. That’s US$30 million for every gigawatt deployed.
15 November 2021
The 10th edition of the famous Metallization and Interconnection Workshop, MIW2021, will take place in the Thor Central venue in Genk, Belgium, on Monday, November 15, and Tuesday, November 16, 2021 as a face-to-face meeting. We are longing for direct exchange of knowledge and ideas after a long time. Hopefully you can be part of it! But of course, the organizors will keep an eye on the evolution of the Covid pandemic. It will be assess carefully, whether the workshop can be held without major risks or excessive restrictions. We are looking forward to exciting talks, discussions and meetings and to welcoming you in Genk!
23 November 2021
The solar, storage and EV industries in the UK are going from strength to strength. There is no better place for the community to meet, share ideas and do business than Solar & Storage Live from 23-25 November at the NEC.There’s something for everyone; more than 150 exhibitors, a high-level conference, a start up and innovation zone, a poster zone, strategic partners to network with and much more. 

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