27 Apr '11, 12pm

Solar Frontier Opens Largest Thin-film Plant in the World

Solar Frontier Opens Largest Thin-film Plant in the World

This fully automated facility – capable of producing about 1 GW of thin-film solar modules – is the result of more than three decades of research and development by an oil company, which hopes to eventually generate 50% of its revenue from sales of renewable energy products and services. “We won’t take anything less than 10% of global market share” in the next seven years, said Shigeya Kato, chairman of Showa Shell Sekiyu K.K. , which has a 100% subsidy in module factory operator Solar Frontier. “The market has grown so much that even a 1 GW plant capacity won’t reach 10%.” Solar Frontier said it could eventually build an overseas plant, but it must first prove to Showa Shell’s board of oilmen that its uniquely black solar panels can translate into black gold in the competitive, global thin-film industry. The company invested 100 billion yen, more than $1 billion, at its K...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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