Leading CdTe thin-film module manufacturer First Solar has reported an expected weak second quarter in sales as previously guided but also remains impacted by project completion push-outs and ramp-up issues of Series 6 module production, impacted gross margins.
Leading CdTe thin-film module manufacturer First Solar has started production of its large-area Series 6 modules at its first manufacturing plant in Malaysia and said it was nearing the start of production at a third facility as new orders in the second quarter almost reached 900MW.
Canada-based specialty metals firm, 5N Plus said it had secured a series of multi-year contracts for the supply of semiconductor materials (CdTe) and ancillary services deal with leading CdTe thin-film PV module manufacturer, First Solar.
Leading CdTe thin-film PV manufacturer First Solar may be benefiting from increased demand for its modules from utility-scale customers in the US, which has resulted in the announcement of a new 1.2GW Series 6 module production plant, yet bookings in Europe are fast approaching 1GW.
The revival of European thin-film manufacturing equipment suppliers in 2017 proved to be remarkable and more importantly is expected to continue through 2018 as the solar industry works through a wave of new orders, primarily from China, Malaysia and Vietnam.
As previously reported there was a significant slowdown in global solar PV manufacturing capacity expansion announcements in the third quarter of 2017, which we highlighted was hardly surprising due to significant level of expansions plans announced in the first half of the year. However, despite increased concerns over the potential imposition of restrictive trade practices in the US and India in the fourth quarter of 2017, there was a significant rebound over the previous quarter, leading to the highest recorded gigawatts of new expansion announcements.
Leading CdTe thin-film module manufacturer First Solar is increasing its shipment guidance for 2018, due to plans to bring back online 180MW of mothballed Series 4 module capacity at its Perrysburg, Ohio manufacturing facility.