The Chinese ENN Group is planning to build a "$5 billion solar energy complex ... to manufacture solar panels on the site and then operate a solar farm generating 700 megawatts of electricity" in Laughlin, Nevada (Business Week, April 9, 2012, pages 38-39). If successful, this would be the largest solar power plant in the US. Perhaps by the time the plant is completed, the panel production costs will have come down low enough to be cost effective for installation elsewhere.
Most important lesson for solar panel companies? Create a manufacturing environment which can rapidly adapt to new technologies as more efficient power generation technologies are developed. Every breakthrough technology needs an production line...
"Is this going to be the next Solyndra?"
First Solar is a real company with a proven track record and is so far the cost leader. They won't go bust.
This is probably related to the enormous overproduction of chinese Si solar cells that has been dumped on the market the last year or so. The supply is much larger than the demand and pretty much all solar companies need to get rid of their excess supply and slash production until things clear out independent of their market position.
You fail to mention that First Solar took $4.49 BILLION worth of government loan guarantees. How much of that did they actually receive?
What were the conditions?
Is this going to be the next Solyndra?
Quote: Ahearn said that, following a period of growth, First Solar was scaled to operate at higher volumes than was currently available.
Did they actually think the market was going to take off like the DoE and this administration thought it would?
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