Contrary to optimism expressed by First Solar management on its earnings call, installation volume capacities in other European markets, such as France (12 percent of its business) or Italy (6 percent of sales), were too small to absorb lost mega-watt sales from Germany.
“For the big players, there is no real way around Germany, to be honest,” SES Research analyst Karsten von Blumenthal told Reuters.
First Solar expects to ramp up aggregate manufacturing capacity to 34 production lines by 2012, with annual worldwide production capacity of approximately 1.8 gigawatts. Longer-term performance could be hampered by obstacles in other markets outside Europe.
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