Abound Solar, Sunovia Chasing After First Solar
By Chris Morrison, April 16th, 2009
Source: BNet.com
http://industry.bnet.com/energy/10001091/
abound-solar-sunovia-chasing-after-first-solar/
Cadmium telluride-based thin film solar cells are certainly the technology of the moment. Following First Solar’s announcement in February that it’s producing cells for under $1 per watt, two more firms, Abound Solar (previously AVA Solar) and Sunovia have lined up with news of their own. Of the two, Abound is the more mature firm, having taken a big $104 million funding last year. Now the company is finishing up construction on a 200 megawatt plant, which will reach full capacity in about a year. But the company is betting that it can beat First Solar’s 98 cent per watt production cost within three months, according to statements by CEO Pascal Noronha in Reuters. (more…)