First Solar, the largest U.S. solar manufacturer, will abandon its foray into the high-efficiency silicon-based solar modules that it began developing in 2013 as a hedge against the competitiveness of its proprietary thin film Cadmium Telluride (Cd-Te) technology. The firm noted that it will take a one time non-cash charge of between $90 million to $110 million this year in this regard, while its operating costs could reduce by about $8 million to $10 million annually.  Below, we take a look at some of the possible reasons for the exit and why its likely to be beneficial to First Solar.

from Forbes – Tech http://ift.tt/29zpG1H
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