Earlier this month, First Solar, Inc. announced that it has reduced its manufacturing cost for solar modules in the fourth quarter 2008 to 98 cents per watt, becoming the first solar cell manufacturing company to break the $1 per watt price barrier. This is a major price milestone for the solar photovoltaic manufacturing sector and represents a significant step towards achieving what is known in the industry as as grid parity, the price level where the per watt cost for solar electricity reaches the current averaged cost of electricity on the grid a goal First Solar plans to reach by 2012.
First Solar chief executive officer Mike Ahearn said, “This achievement marks a milestone in the solar industry’s evolution toward providing truly sustainable energy solutions. First Solar is proud to be leading the way toward clean, affordable solar electricity as a viable alternative to fossil fuels.”
First Solar, Inc. manufactures solar modules with an advanced semiconductor technology and provides comprehensive PV solutions that significantly reduce solar electricity costs. By enabling clean, renewable electricity at competitive prices, First Solar provides an economic and environmentally responsible alternative to existing peaking fossil-fuel electric generation. First Solar PV power plants operate with no water, air emissions or waste stream. First Solar set the benchmark for environmentally responsible product life cycle management by introducing the industry’s first comprehensive collection and recycling program for solar modules. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective renewable energy solutions that protect and enhance the environment.
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