First Solar, a manufacturer of solar modules with an advanced thin film semiconductor process that significantly lowers solar electricity costs, posted encouraging third-quarter results last week. Quarterly revenues were $159.0 million, up from $77.2 million in the second quarter of fiscal 2007 and up from $40.8 million in the third quarter of fiscal 2006.
Said Mike Ahearn, chief executive officer and chairman of First Solar in an official statement published on the company’s website: “Third quarter of 2007 concludes another important milestone in our mission towards grid parity. We successfully completed the ramp of our German production facility well ahead of schedule, which afforded us with highly leveraged growth during the quarter and provided our customers with additional production volumes in a continued robust demand environment”.
Still according to the company’s official statement, its aim is to provide “an economic alternative to peak conventional electricity and the related fossil fuel dependence, greenhouse gas emissions, and peak time grid constraints.”
We say, congratulation to First Solar. Hopefully more and more solar energy technology companies will enjoy the same level of success.
