Environmental Capital provides daily news and analysis of the business of the environment. It tracks how growing green concern, particularly over climate change, is roiling established industries and spurring new ones – and how that shift is affecting investors, consumers and the planet.
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First Solar Touts Falling Costs, But Will It Be Enough
Posted on June 26, 2009
The Walton family of Wal-Mart fame owns about 39% of First Solar stock and the retailers legendary penchant for driving down costs is rubbing off on the renewable-energy company.First SolarWatch out for falling solar costs.In February, First Solar tooted its horn about breaking the $1-per-watt barrier for making solar modules in the last months of 2008. This week, the company said costs had fallen again to 93 cents per watt, down 5% in three months and down 28% in a year. (The full presentation is here.) First Solar executives also say to expect more falling costs. By 2014, it expects to dri...
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