Leading thin-film PV manufacturer First Solar has said it wants to sell its share in its joint venture (JV) yieldco with SunPower to free-up funds to support its switch to manufacturing its large-area Series 6 CdTe modules.
Solar cells produced using p-type multi c-Si wafers retained their dominant market-share position in 2016, despite significant investments into p-type mono and advanced cell production, such as PERC. The transition to increased mono wafer use is now expected to be seen more clearly during 2017 and 2018, but depends still upon the relative end-market demand from the domestic Chinese market.
Leading thin-film producer First Solar has decided to skip the previously planned migration to its Series 5 module platform, while bringing plans forward to migrate to its large-area Series 6 module technology to 2018.
Leading CdTe thin-film producer First Solar reported several bombshells in releasing third quarter financial results. Amongst them was dropping around US$1.0 billion from its full-year revenue guidance and timing for the sale of its California Flats and Moapa projects into 2017 that help fill a looming revenue gap next year.
Leading CdTe thin-film producer First Solar has reacted to plummeting global PV module and PV power plant PPA (Power Purchase Agreement) prices by undertaking a major review of its production capacity requirements and planned migrations to its Series 5 and Series 6 modules.
As we finalize the agenda for PVCellTech 2017 – to be held in Penang, Malaysia, on 14-15 March 2017 – one of the key goals is to understand how solar cell advances in mass production are driving module availability to the market.
Leading thin-film module manufacturer First Solar has completed the (52.5MW AC) Shams Ma'an PV power plant in Jordan, while noting plans to add a further 200MW at the Mohammed bin Rashid Al Maktoum Solar Park in Dubai in 2017.
Solar developer GEM Energy said it had started construction of a 2MW ground-mounted PV power plant for the Ohio Northern University that will use a single axis tracker system with CdTe thin-film modules from First Solar.
In this week's segment, PV Tech reports on energy storage in Australia, acquisitions in India, and policy-makers in the US, in a round-up of the most dynamic employment stories over the last fortnight.
Leading CdTe thin-film producer First Solar is undergoing a mid-year restructuring that includes cost cutting activities that should generate a US$2 billion balance sheet cushion against changing solar business dynamics and a looming revenue and shipment hole facing the company in 2017.
With First Solar’s revenue and shipment guidance unchanged and basically locked-in for 2016, despite solar industry dynamics becoming increasingly fluid, filling demand for 3GW of thin-film module capacity in 2017 has become a priority for management as a rather large hole in bookings is proving difficult to fill.