30 Apr '16, 1am

#SolarGCC , Leadership transition at First Solar marks new business cycle ahead. Read more:

First Solar reported first quarter 2016 sales of US$848 million, a decrease of US$94 million (US$942 million) from the fourth quarter of 2015. Leading thin-film (CdTe) producer First Solar reported lower first quarter 2016 sales sales than expected, while announcing a planned CEO change that underscores a new business model and cycle ahead. As detailed at its annual analyst day event, First Solar is shifting emphasis back to module sales as part of a mid-term business plan that takes advantage of its restored cost per-watt advantage and two new module products to be introduced in the coming years that further its competitive position. The intention is to increase module sales on a far broader international base, such as India, Japan, South East Asia and Latin America, while being less concentrated on PV power plant construction, notably in the US. Accompanying the release ...

Full article: http://www.pv-tech.org/news/leadership-transition-at-firs...

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