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
