First Solar’s market share set to soar

Facebook
Twitter
LinkedIn
Reddit
Email

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.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“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.

 

Read Next

July 16, 2024
Vietnam has planned to buy excess electricity generated by residential and commercial rooftop solar modules.
July 16, 2024
Chinese solar manufacturing giant JinkoSolar will build a 10GW n-type solar cell and module manufacturing facility in Saudi Arabia.
July 16, 2024
US-based software provider Aurora Solar has acquired solar design tool Lyra to grow its business in residential plan set services and automation.
July 16, 2024
US energy project developer Avangrid has begun to produce power from the 321MWdc/238MWac True North solar project in Falls County, Texas.
Premium
July 16, 2024
The foundations of a solar project offer multiple opportunities for driving down system costs. Arash Yazdani of PRI Engineering describes some of the key steps involved in investigating the specific conditions of a project site and developing a foundation design that will stand the test of time.
July 16, 2024
North America is expected to be the major market for solar trackers in the upcoming years driven by increased installations in the US.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA
Solar Media Events
October 15, 2024
Santiago, Chile