TEMPE, Ariz.–(BUSINESS WIRE)–First Solar, Inc. (Nasdaq: FSLR) today appear it has accustomed yet accession apple almanac for cadmium-telluride (CdTe) photovoltaic (PV) analysis corpuscle about-face efficiency, accomplishing 22.1 percent adeptness certified at the Newport Corporation’s Technology and Applications Center (TAC) PV Lab. The adeptness confirms that Aboriginal Solar is on clip with its accustomed analysis corpuscle roadmap, and validates CdTe’s growing aggressive advantage over multi-crystalline silicon technology and added bartering attenuate blur PV.
The record-setting analysis corpuscle was complete at the company’s Perrysburg, Ohio adeptness branch and Analysis & Development Center application processes and abstracts acceptable for commercial-scale manufacturing. In accession to the Newport TAC Lab certification, the almanac has been accurate in the U.S. Department of Energy’s National Renewable Action Laboratory (NREL) “Best Analysis Corpuscle Efficiencies” advertence chart.
This is the ninth abundant amend to CdTe almanac adeptness back 2011, durably establishing a abiding trend of accelerated achievement improvements that decidedly outstrips all added bartering technologies.
“We are tracking absolute carefully to a technology roadmap we aboriginal presented in 2013 and revised advancement in March 2014,” said Raffi Garabedian, Aboriginal Solar’s Chief Technology Officer. “At that time, we said we’d hit a 22 percent analysis corpuscle adeptness anniversary by the end of 2015. We’ve delivered on that promise. The adeptness validates our connected aplomb in CdTe as a above PV absolute that combines amount effectiveness, believability and aerial performance. In contempo years and based on our analysis corpuscle progress, we’ve bigger the adeptness and action body of our accumulation produced bartering PV modules at a amount at atomic three times faster than our multi-crystalline Si competitors. We absolutely apprehend to added abstracted ourselves from the backpack in advancing years.”
Garabedian acclaimed that Aboriginal Solar’s advance adeptness curve were bearing PV modules with 16.4 percent about-face adeptness in 4Q 2015, and that the analysis corpuscle adeptness adeptness serves as a able disciplinarian for amalgam achievement advance into the real-world adeptness environment.
About-face adeptness of CdTe is one of several factors that construe to above achievement of Aboriginal Solar’s technology in the field, which accept a accurate specific action crop advantage, carrying added accessible action per nameplate watt than accepted c-Si modules. In added words, a PV adeptness bulb abettor gets added action (or college Capacity Factor) for the aforementioned basic advance application Aboriginal Solar modules, with a lower Levelized Amount of Electricity (LCOE). Aboriginal Solar additionally has abundant certifications documenting industry-leading reliability, including Atlas 25 certification, Long Term Sequential Test (harsh climates), IEC 62804 PID-Resistant Acceptance (resistance to degradation) and a clue almanac of abiding predictability.
About Aboriginal Solar, Inc.
Aboriginal Solar is a arch all-around provider of absolute photovoltaic (PV) solar systems which use its avant-garde bore and arrangement technology. The company’s chip adeptness bulb solutions bear an economically adorable another to fossil-fuel electricity bearing today. From raw absolute sourcing through end-of-life bore recycling, Aboriginal Solar’s renewable action systems assure and enhance the environment. For added advice about Aboriginal Solar, amuse appointment www.firstsolar.com.
For Aboriginal Solar Investors
This absolution contains advanced statements which are fabricated pursuant to safe anchorage accoutrement of the Private Securities Litigation Reform Act of 1995. These advanced statements accommodate statements, amid added things, concerning: furnishings on our banking statements and advice consistent from awaiting tax matters; our business strategy, including advancing trends and developments in and administration affairs for our business and the markets in which we operate; approaching banking results, operating results, revenues, gross margin, operating expenses, products, projected costs (including estimated approaching bore accumulating and recycling costs), warranties, solar bore adeptness and antithesis of systems amount abridgement roadmaps, restructuring, artefact reliability, investments in unconsolidated affiliates and basic expenditures; our adeptness to abide to abate the amount per watt of our solar modules; our adeptness to abate the costs to assemble PV solar adeptness systems; analysis and development programs and our adeptness to advance the about-face adeptness of our solar modules; sales and business initiatives; and competition. These advanced statements are generally characterized by the use of words such as “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “seek,” “believe,” “forecast,” “foresee,” “likely,” “may,” “should,” “goal,” “target,” “might,” “will,” “could,” “predict,” “continue” and the abrogating or plural of these words and added commensurable terminology. Advanced statements are alone predictions based on our accepted expectations and our projections about approaching events. You should not abode disproportionate assurance on these advanced statements. We undertake no obligation to amend any of these advanced statements for any reason. These advanced statements absorb accepted and alien risks, uncertainties and added factors that may account our absolute results, levels of activity, achievement or achievements to alter materially from those bidding or adumbrated by these statements. These factors include, but are not bound to, the affairs discussed in Item 1A: “Risk Factors,” of our best contempo Annual Report on Form 10-K, Quarterly Letters on Form 10-Q, Accepted Letters on Form 8-K and added letters filed with the SEC.
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