The downward pricing trend throughout the solar industry supply chain is expected to continue throughout 2010, according to Motech Industries as the rapid expansion of low cost capacity continues, despite strong demand. Motech saw a revenue decline in the first quarter of 2010 of 2%, despite shipments increasing approximately 20% to 154MW as prices declined.
Motech noted that it was on track to reach a cell production capacity of 1GW by the end of the third quarter, up from 800MW today. Solar cell shipments for 2010 should reach 825MW, higher than its previous forecast of 750MW.
The company expects prices to continue decline in 2010 as they see the potentially rapid expansion of low cost capacity.