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First Solar Reports Largest Quarterly Decline in Cost to Under $0.60 per Watt

mdsolar (1045926) writes | about 8 months ago

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mdsolar (1045926) writes ""Thin-film solar market leader First Solar recently reported its largest quarterly decline in CdTe module costs per-watt since 2007, as part of its third quarter 2013 financial results report....“We have reduced our module manufacturing cost per watt to US $0.59 from US $0.67 last quarter, an US $0.08 per watt or 12% reduction quarter-on-quarter,” stated Jim Hughes, Chief Executive Officer of First Solar, in the conference call. “This is the best quarter-over-quarter cost improvement in six years on a per watt basis and highest percentage reduction since our IPO (in 2007).”"

Peeling off recycling and freight insurance costs, at their best plant they are down to $0.43/W for a straight manufacturing cost."

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