Energy   Electricity  

First Solar outlook steady as Ohio plant starts

US solar panel manufacturer First Solar maintained its annual revenue and shipment outlooks after beginning production at its Ohio series 6 cell facility.

The photovoltaic producer forecast $3.5bn-$3.7bn in revenue for 2019, flat from its prior outlook, even as revenue dropped in the third quarter. It also expects to ship 5.4-5.6GW of modules.

Production also started at its Perrysburg, Ohio, series 6 module manufacturing facility. The plant will be scaled up to 1.9GW/yr of capacity, which adds to its current capacity across all locations of 6.7GW/yr. Series 6 modules utilize up to 264 cells of thin film cadmium-telluride (CdTe).

CdTe modules can require as much as 83.51kg of cadmium and 90.38kg of tellurium to generate a MW of electricity, according to a 2017 study from the World Bank Group. By these estimates, the new facility could consume as much as 171.7 t/yr of tellurium and 158.6 t/yr of cadmium when running at full capacity.

Market participants expect consumption to fall below these figures. Based on the year-to-date trend for 2019, the US would have to more than triple imports of tellurium, as its only on pace to hit 47.6t for the year, according to US Commerce Department data.

Over the first nine months of the year, First Solar shipped 3.8GW of modules, up from 1.7GW in the prior year period.

Revenues for the quarter fell by 19pc to $547mn, while profits declined by 47pc to $31mn.

Bookings edged up to 5.4GW in 2019 from 5.2GW in the same period of 2018

News No: 6996
Date: 2019/10/25 - 19:23
News Source: Argus Media

solar panel  US  Ohio  full  electricity 


Leave a Comment:


European Aluminium Industry to support EU Green Deal: European Aluminium

The European aluminium industry is well-equipped to support the European Green Deal announced by the EU on November 11.

5700t Closing Force - Italpresse Gauss builds Giant Die Casting Machine for premium Carmaker

Italpresse Gauss, the Italian leader in fully automated, digitally enabled die casting technology, is set to deliver the first toggle-free two-platen die casting machine with a closing force of 5700t.

Indian coking coal imports at risk of contraction

Indian coking coal imports moving through 12 key state-controlled ports only posted marginal year-on-year gains during April-November and were at risk of a further contraction as lower steel production hits demand.

Chinese steel demand, output forecast lower in 2020

China's crude steel demand and output are expected to fall in 2020 after posting robust gains this year, said the country's state-run think-tank the Metallurgical Industry Planning and Research Institute.

US Unable to Hinder Iran’s Methanol Exports

Iran exports 8 million tonnes of methanol in a year, which the US has been unable to affect, despite all claims of American officials.

Brazil Ignores Climate Concerns, Carries Out Offshore Drilling Plans

Brazil is carrying on with its plans to drill in the prolific pre-salt area even after UN leaders urged countries on Monday to steadfastly curb emissions of “climate-altering” gases that stem from—among other things—fossil fuels.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners