New entrant to push manufacturers


Recent reports from Bloomberg New Energy Finance (BNEF) may have many in the photovoltaic industry sitting up to take notice. Bloomberg has reported that electronics contract manufacturer Foxconn will begin photovoltaic module production with vast scales and reduced production costs.

Foxconn is currently the world’s biggest contract maker of electronics, including the Apple iPhone. Bloomberg reports that Foxconn has begun work on a photovoltaic module plant in China’s Jiangsu province, near Suntech’s headquarters.

BNEF analyst Jenny Chase said that Foxconn has experience in working in electronics production where margins are between two to five percent. This stands in contrast to past photovoltaic module manufacture margins as high as 30 percent.

"Foxconn’s entry into the solar industry has been rumored for a long time," Chase said. "The company’s formal entry at a time when ingot, wafer and cell makers are not making their cash costs must be bad news for the incumbent companies."

While details as to the Foxconn photovoltaic-manufacturing facility remain scarce, Bloomberg reports Foxconn will begin trail production in May.

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Your email address will not be published.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.