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Oerlikon Solar on track to reduce cost by another 30% in 2010

Thin-film silicon technology provider Oerlikon Solar says that with its Micromorph® factories, the company plans to reach production costs at grid parity by the end of this year making solar energy cost equal to fossil fuel-generated energy in many locations.

Oerlikon Solar is well on track to offer its customers a design capable of producing solar modules for US$0.70/W by that time.

"Oerlikon Solar's goal is to make solar power economically viable around the world," says Jürg Henz, CEO of Oerlikon Solar.

Over the past year, Oerlikon Solar drove down solar module costs by around 25%, raising efficiency and improving the productivity of its lines from 60 MW in 2008 to 100 MW in 2009.

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Photovoltaics (PV)  •  Solar electricity