First Solar goes for reduction in manufacturing cost
First Solar has indicated that its manufacturing cost has now fallen to 93 cents per watt, down 5% in three months and down 28% in a year.
By 2014, it expects to drive down cost per watt to make solar modules to fall to between 52 and 63 cents by 2014. The biggest driver of the lower costs is better efficiency, it said. Production per fabrication line is expected to nearly double over the next five years.
The company believes its ongoing focus on cost reduction enables continued growth even as subsidies decline.
Earlier this year, when the company had … Continue Reading