Feds Subsidize First Solar’s Losing Technology

(p. B2) First Solar’s solar-panel business, which is focused on large solar installations that feed electricity to power companies, is dependent on government subsidies awarded to such developments.
. . .
But some worry that First Solar isn’t well positioned for industry trends. The global solar-power market is moving toward rooftop solar-power systems, rather than the large-scale utility power plants where First Solar’s products are most effective, said Jesse Pichel, an analyst at Jefferies Group Inc.
“This was a market leader, but its technology is being usurped or surpassed by the Chinese,” said Mr. Pichel. “Their product is not competitive in the most economic and sustainable solar market, which is rooftop.”

For the full story, see:
CASSANDRA SWEET And RUSSELL GOLD. “First Solar Cuts 2,000 Jobs; Panel Maker Laying Off 30% of Workers, Slashing Production Amid Supply Glut.” The Wall Street Journal (Weds., April 18, 2012): B2.
(Note: ellipsis added.)
(Note: online version of the story is dated April 17, 2012.)

Leave a Reply

Your email address will not be published.