29 Nov '13, 3pm

Apple Buys First Solar Arizona Manufacturing Facility

Apple Buys First Solar Arizona Manufacturing Facility

The thin-film solar market was hit pretty hard by the tremendous solar PV cost drop that occurred over the past few years. The First Solar factory was prepared for massive thin-film solar expansion, but this was apparently undercut by the solar PV revolution. First Solar, which seems to be selling the facility for $115 million, “announced in a filing to the U.S. Securities and Exchange Commission (SEC) that it expected to take a $55-60 million hit on the module production line,”

Full article: http://cleantechnica.com/2013/11/29/apple-buys-first-sola...

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