The thin film PV maker has completed one of its most challenging quarters in many years; however it is still sold out into 2021.
The U.S. wafer maker and the Korean module manufacturer expect to ramp the Malaysian factory no later than September. The fab is next to Hanwha’s existing cell and module facilities and 1366 Technologies plans to produce its Direct Wafers on a gigawatt scale for less than $0.20 per piece.
The PV maker plans to shift its 800 MW of current E-Series production to its new NGT technology, as it records a massive loss on depreciation of its old equipment.
The thin film PV maker reports difficulties in ramping its new Series 6 product, as well as pressure from module price collapses.
The Chinese ingot, wafer cell and module giant has signed a significant sales contract for the shipment of solar PV modules to an unidentified customer in the United States.
GA Global Partners is auctioning off the 130,000 square foot facility.
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