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Summary:

First Solar , the thin-film solar darling that has reportedly reached grid parity, or the point where photovoltaic electricity is as cheap as conventional electric power, has hit another milestone this morning: 1 GW of production. That’s the total amount of thin-film solar modules it has […]

First Solar , the thin-film solar darling that has reportedly reached grid parity, or the point where photovoltaic electricity is as cheap as conventional electric power, has hit another milestone this morning: 1 GW of production. That’s the total amount of thin-film solar modules it has produced since it started commercial production back in 2002.

A gigawatt might not seem like a lot over seven years, but the recent ramp-up rate is impressive. First Solar says it took the company six years to produce the first 500 megawatts and just the last eight months to produce the second 500 MW. Even through the recent downturn, First Solar is now powering ahead like a locomotive. Earlier this month the company bought up a coveted 550 MW solar project to supply PG&E with solar power for $400 million from struggling OptiSolar.

Bottom line: First Solar took its years of manufacturing experience to drop the price of solar at a time when the first U.S. utilities have started to plan projects to meet state renewable portfolio standards. First Solar can produce solar modules for less than the $1-per-watt price barrier. Very few solar photovoltaic makers in the U.S. can make that claim. And more and more, utilities will start contracting these projects going forward, particularly if a national renewable portfolio standard gets passed. While we’ve been writing about a lot of companies that are getting knee-capped by the downturn, First Solar appears to be shining through.

  1. Grid parity has been reached in the lab, but not yet at the point of sale. Prices to consumers has been dropping rapidly – two years ago, when I first got interested in solar technology retail price was about 10KUS$ per Kw, now it’s ~6KUS$ per Kw.
    I still believe that in order to enable further R&D in the field, incentive plans should make solar even cheaper than current grid prices.
    No doubt, solar is here!

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  2. Hopefully as the company continues to expand its operations, the price will continue to fall. If they can make solar less than the price of grid electricity, it won’t just be greenies that will want it.

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  3. [...] Earth2Tech (http://earth2tech.com/2009/03/20/first-solar-cranks-out-a-good-gigawatt-of-thin-film-solar/) we hear how First Solar has cranked production up another notch to a mile stone of 1 gigwat of [...]

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  4. We definitely need solar power ! thats the next big thing.

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  5. just like to say hello & thanks for the info

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  6. [...] First Solar Cranks Out a Good Gigawatt of Thin Film Solar (Earth2Tech) [...]

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  7. [...] solar market for the first three months of the year, First Solar has been a constant bright spot. Last month First Solar said it had hit the milestone of having produced 1 GW of thin-film solar modules since it started [...]

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  8. [...] the solar market during the first three months of the year, First Solar was a constant bright spot. Last month, First Solar said it had hit the milestone of having produced 1 GW of thin-film solar modules since it started [...]

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  9. [...] the future. First Solar has been the most successful thin-film manufacturer so far, manufacturing 1 gigawatt of cadmium-telluride films as of March. One pre-incubator winner, Bolingbrook, Ill.-based EPIR Technologies, plans to use its award to [...]

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  10. [...] the cost cutting. Even though First Solar can produce its thin-film solar panels for less than $1 per watt, manufacturing costs for many of its competitors have been plunging in recent months because of the [...]

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