First Solar still ahead of the PV module pack


Although shipments of its cadmium telluride modules declined slightly over the previous quarter, it still exceeded of all of its crystalline rivals.

The research company said that the first quarter of 2010 was a record quarter once again for the PV module market, with shipments increasing by three percent over the previous quarter, marking four quarters of consecutive growth. Most suppliers are now fully utilizing their ever-expanding production capacities to fulfill soaring demand and Q2’10 is forecast to continue this trend.

The battle of the major Chinese crystalline players continues, said IMS research, with five of the top seven suppliers being large Chinese pure-play solar companies. Although Trina Solar shipped more modules than Yingli Solar for the first time, the quarter was far from unsuccessful for Yingli which enjoyed increased ASPs and an impressive gross margin of 33 percent.

“After a year of plummeting prices, Yingli Solar was able to increase its average selling price during Q1’10,” commented Sam Wilkinson, research analyst with IMS Research’s PV Group. “However, whilst its average price increased almost nine percent over Q4’09 measured in Euros, where it continues to ship the majority of its modules, the devaluation of the Euro meant it only realized a two percent increase in Renminbi.”

The future of the Euro remains an "ongoing concern" for many Asian suppliers, with a further squeeze in margins likely in the second half of 2010.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.