First Solar first half revenue growth of 103.5%

The world's thin-film solar module manufacturer First Solar 7 on 30 announced Q2 results: revenue in 2008 from 267 million U.S. dollars during the same period grew 97 percent to 525.9 million U.S. dollars. First Solar2009 in the first quarter revenues of 418.2 million U.S. dollars, an increase of 112%. Taking all these data, the first half of 2009, the First Solar reached 944.1 million U.S. dollars in revenue, an increase of 103.5%.

First Solar full year 2008 revenues of 1,246,300,000 U.S. dollars, while in 2009 the first half of First Solar's revenue reached 944.1 million U.S. dollars, and this results in the first half of the overall downturn in the industry under the condition achieved by This shows that the company's strong market competitiveness. Business degrees in the industry gradually picked up under the good, First Solar's performance in the second half looking forward to more.

Declining cost of First Solar is continuing to strengthen the competitiveness of the root of the problem. 4-quarter 2008 average production of First Solar's cost has been reduced to 0.98 U.S. dollars per watt, is the world's first production cost is lower than 1 U.S. dollars per watt of solar energy companies. At present, the First Solar manufacturing cost per watt has slipped to 0.87 U.S. dollars.

In addition, First Solar had previously said that the plan in 2014 its CdTe thin film solar cell module manufacturing costs per watt will reach 0.52 ~ 0.63 U.S. dollars, compared to the current 0.93 U.S. dollars-per-watt cost of about 30 ~ 40% decline in conversion efficiency from the current 10.9 % try for to 12.5%, 1.6 percentage points to upgrade.

First Soalr as a result of strong performance, well-known management consulting firm Navigant Consulting has estimated that in 2009 will exceed China's First Solar and Suntech Power Japan's Sharp to become the world's largest manufacturers of photovoltaic components. In the production of solar cells, First Solar is also expected to more than Germany's Q-Cells, the world's largest manufacturer of solar cells.

Aug. 3, 2009