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Politics : Politics of Energy

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To: Brumar89 who wrote (5329)2/26/2009 7:07:58 AM
From: Road Walker  Read Replies (2) of 86352
 
First Solar cuts manufacturing costs to below US$1 per watt
Press release; Michael McManus, DIGITIMES [Thursday 26 February 2009]

First Solar recently announced that it reduced its manufacturing cost for solar modules in the fourth quarter to US$0.98 per watt, breaking the US$1 per watt price barrier.

First Solar began full commercial operation of its initial manufacturing line in late 2004. From 2004 through today, manufacturing capacity has grown 2,500% to more than 500 megawatts in 2008, the company said. First Solar's annual production capacity will double in 2009 to more than 1 gigawatt, the equivalent of an average-sized nuclear power plant. These escalating volumes have been accompanied by a rapid reduction in manufacturing costs.

From 2004 through today, First Solar's manufacturing costs have declined two-thirds from over US$3 per watt to less than US$1 per watt, it said, adding the company is confident that further significant cost reductions are possible based on the yet untapped potential of its technology and manufacturing process.
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