Tag Archives: Suntech Power Holdings Co.

Solar Power

Suntech closing Goodyear factory

Chinese solar panel maker Suntech Power Holdings Co. is closing its factory in Goodyear in part because of higher production costs.

The broader solar industry has struggled in recent years due to a steep price drop for solar panels. Global demand for panels has languished in Europe and elsewhere, even as manufacturing capacity soared.

Suntech’s solar panel manufacturing plant, which opened in October 2010, had 43 employees. The facility’s peak production was 50 megawatts per year in 2011. This was scaled back to 15 megawatts per year in November.

Suntech said Tuesday that the increased production costs were made worse by import tariffs on solar cells and aluminum frames imposed by the U.S. government and global solar module oversupply.

In November the U.S. International Trade Commission voted to impose unilateral tariffs of 35.97 percent on Suntech solar cells made in China. Suntech said these solar cells are a key component used at its Goodyear factory.

The company also said that the factory’s closing is in line with its restructuring efforts to rationalize production capacity and cut operating expenses by 20 percent this year.

U.S.-traded shares of Suntech fell 7 cents, or 6.1 percent, to $1.08 in midday trading. The stock has traded in a 52-week range of 71 cents to $3.68.

First Solar, Mesa

First Solar To Open Manufacturing Plant In Mesa

First Solar is moving to Mesa after consolidating its Vietnam manufacturing plant. The First Solar manufacturing plant will bring approximately 1,200 jobs to Mesa. The plant is currently in its construction phase and the estimated completion for the manufacturing plant’s first phase will be in the third quarter of 2012.

First Solar’s Reciprocal Benefits For Company and Community

Greater Phoenix Economic Council president and CEO Barry Broome is excited to bring another big name in solar technology and manufacturing to the Valley.

“The Greater Phoenix region is in a prime position to capitalize on this momentum,” Broome says. “Already home to First Solar’s headquarters in addition to its Mesa manufacturing facility, the region is also home to nearly one dozen solar and renewable energy or clean technology companies such as Suntech Power Holdings, Power-One, Gestamp Solar Steel, Rioglass Solar, Clear Energy, Maxwell Technologies and hundreds more within their supply chains.”

The United States Southwest holds the largest global manufacturing opportunity for solar, clean and renewable technologies. Broome says that First Solar’s choice to manufacture in Mesa will not only be beneficial for the company by being able to take advantage of renewable and sustainable tax credit program, but for the Arizona economy by creating solar technology careers.

University and community college students in the Valley will have an advantage for finding careers in solar technology and engineering when they complete their programs.

“Greater Phoenix turns out superb engineering talent through its universities and technical talent through its community college system,” Broome says. “Mesa was selected over Vietnam because of the [full pallet of renewable resources] that are produced in the East Valley, the leadership of the Mayor of Mesa, Scott Smith and the opportunity that has been built around the U.S. market.”

One advantage for First Solar manufacturing in the United States is the increase for efficiency and that of supply chains in relation to other parts of the country.

“Here in Arizona we have the chance to be an international leader in very important technology,” Broome says. “First Solar, Suntech and all these companies are a clear sign that [solar] is the technology of the future and we have to be strong and focused on this success.

“As illustrated today by First Solar’s decision to embrace Mesa over a low-cost overseas market, we can and will dominate the solar renewable energy and clean technology market.”