Plummeting prices in the photovoltaic market have forced CdTe thin-film producer First Solar to undertake a "major review of its production capacity requirements", according to CEO Mark Widmar. A team has been set up to "look at the economic and competitive position of its Series 5 module" and examine where cost savings can be made. Supply in China and Taiwan outstripping downstream demand, the 28% drop in crystalline silicon module prices, a 28% slump in demand in China and the 15% drop in the US average selling price have all combined to put pressure on First Solar.
Plummeting prices in the photovoltaic market have forced CdTe thin-film producer First Solar to undertake a "major review of its production capacity requirements", according to CEO Mark Widmar. A team has been set up to "look at the economic and competitive position of its Series 5 module" and examine where cost savings can be made. Supply in China and Taiwan outstripping downstream demand, the 15% drop in crystalline silicon module prices, a 15% slump in demand in China and the 28% drop in the US average selling price have all combined to put pressure on First Solar.