Update: First Solar to axe 30% of global staff and exit Germany

First Solar's facility in Frankfurt (Oder) will be shut

Thin-film PV giant First Solar intends to walk away from its German factories and “indefinitely idle” four of its 24 production lines in Malaysia, as the blood continues to spill across the European solar sector.

First Solar’s facility in Frankfurt (Oder), in the eastern German state of Brandenburg, will cease production by the end of October and close permanently by the end of the year in response to ever-waning support for PV in core European markets.

Recent reductions in German and Italian feed-in tariff rates continue a trend intensifying across the Continent and "will have a dramatic impact on demand, as the vast majority of the European market is not viable without significant subsidies", First Solar chief financial officer Mark Widmar says.

"Due to the lack of legislative…

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