First Solar to Produce Twice as Much in 2009

Leveraging its low-cost thin-film process, U.S.-based First Solar Inc. is set to surpass its crystalline competitors to become the world's largest producer of Photovoltaic (PV) cells in 2009, according to iSuppli Corp.
First Solar in 2009 is set to produce 1,100 Megawatts (MW) worth of solar cells, more than double the 503MW it made in 2008. This will give First Solar nearly twice as much production of total solar cells as its nearest competitor, Suntech Power Holdings Co. Ltd. As iSuppli noted in an Aug. 10 release, SunTech in 2009 is set to become the leader of the crystalline segment, which is a subset of the total solar cell market.

Labels: First Solar Inc, FSLR, Solar News, Solar Stocks, STP, Suntech Power

posted by Ertai at 7:35 AM