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DrQuine
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CEO
re: First Solar to slash 2,000 jobs
DrQuine   4/21/2012 2:25:30 PM
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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.

DrQuine
User Rank
CEO
re: First Solar to slash 2,000 jobs
DrQuine   4/21/2012 2:32:06 AM
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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...

selinz
User Rank
CEO
re: First Solar to slash 2,000 jobs
selinz   4/19/2012 9:07:39 PM
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Given todays energy prices, the payback period barely falls withing the expected lifetime of the panels. If energy increases by a factor of 2 or 4, the game should change...

krisi
User Rank
CEO
re: First Solar to slash 2,000 jobs
krisi   4/19/2012 2:36:08 PM
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I agree with @KarlFredrik, once excess inventory is used at some point solar cell market will turn around, the only question is when...Kris

KarlFredrik
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Rookie
re: First Solar to slash 2,000 jobs
KarlFredrik   4/18/2012 1:11:58 PM
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"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.

mcgrathdylan
User Rank
Blogger
re: First Solar to slash 2,000 jobs
mcgrathdylan   4/18/2012 6:54:25 AM
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Apparently. It sounds like the company's sales for a time justified growth, but the market dried up.

GF2012
User Rank
Rookie
re: First Solar to slash 2,000 jobs
GF2012   4/18/2012 4:16:42 AM
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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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