February 12 2013 Solar Frontier Update Solar Frontier 1 Worlds largest CIS thinfilm panel manufacturer with systems services 100 subsidiary of Showa Shell Sekiyu 30 years legacy in PV 980MW production capacity in Japan ID: 800398
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Slide1
SunSpec Alliance Members MeetingFebruary 12, 2013
Solar Frontier Update
Slide2Solar Frontier
1
World’s largest CIS thin-film panel manufacturer with systems services
100% subsidiary of Showa Shell Sekiyu
30+ years legacy in PV
980MW production capacity in Japan600MW+ supplied worldwide~1,500 employees
Slide3Parent Company Profile
2
Billion
Yen
2010
2011
Change
Revenue
2,346
2,771
(+18%)Operating Profit36.760.2(+ 64%)EBIT36.356.7(+ 56%)Net Income15.923.1(+ 45%)
Showa Shell Sekiyu K.K.Core Businesses: Oil & SolarYear of Establishment: 1985 (Amalgamation of Showa Oil Co., Ltd. & Shell Sekiyu K.K.)Stock Exchange: TYO:5002Financial Ratings: A- (R&I), A+ (JCR)Employees: 1,007
Slide43
Showa Shell Sekiyu K.K.
CIS Solar Business
●
Production and sales of CIS photovoltaic modules
Power Business
●
Retails and wholesale of electric power
Other businesses
●
Home security services
●
House cleaning services
Oil Business
Non-oil Business
510,000bbl/day
Slide5History
4
R&D
crystalline-Si
amorphous-Si
CIS
2005
Commitment
to CIS
production
1993
Start CIS
research
funded
by
NEDO
2004
Showa
Shell
Solar
established
2006
Shell
Solar
Japan
established
2007
Commercial
production
in
Miyazaki
Plant 1
2009
Production at
2
nd
plant
begins;
Atsugi
R&D
Cent
e
r open
s
2011
Launched
world’s
largest
CIS plant 1GW
Scale
1978
1981
Technical
partnership
with
Arco Solar
1983
Started
c-Si
production
1986
Launched
Showa Arco Solar
JV with Arco Solar
1990
Showa Arco
Solar renamed
Showa Solar
Energy
Showa Shell starts PV R&D
1987
Co-founded
JPEA
Shell Solar acquired Siemens Solar
2010
New
Global Name
Solar
Frontier
1974
Oil crisis
sparks joint solar project with Japanese government
2003
Slide6Regional Sales Channels
5
Global Sales Profile
Sales to date
600 MW+
Large Supply
Agreement
Triple-digit (Germany)
Largest
Project
Agreement
150MW (USA)
Americas
Solar Frontier Americas Inc.
3945 Freedom Circle
Santa Clara, CA 95054
USA
Europe
Solar Frontier Europe
GmBH
Bavariafilmplatz
8, 82031
Grunwald
bei
Munchen
,
Germany
Middle East
Solar Frontier K.K. Scientific & Technical Office
Eastern Cement
Tower #306
King Fahd Road
Al
Khobar
Saudi Arabia
Asia
Solar Frontier K.K.
Daiba Frontier Building
2-3-2 Daiba, Minato-ku,
Tokyo 135-8074Japan
Slide7Key Technology Advantages
6
Solar Frontier’s unique CIS thin-film technology offers the following benefits:
Outperforms Other Panels
Efficiency boost after light exposure
Strong in high-temperatures and low-light
Average 5% higher performance
Superior Reliability
100% Made in Japan
Highly automated production
Highest quality materialsNo microcracks or cell solder jointsMost Environmentally-friendlyEnergy Payback Time 0.69 years, 16.8gCO2/kWh Lead & cadmium freeReusable packaging
Slide8Highest Thin-Film Conversion Efficiency
7
30cm x 30cm
sub-module
© Solar Frontier K.K.
World Record
Slide9Highest Conversion Efficiency Today
8
© Solar Frontier K.K.
Tokyo, January 8, 2013 －
Solar Frontier, in joint research with Japan’s New Energy and Industrial Technology Development Organization (NEDO), has achieved a world record-breaking energy conversion efficiency of 19.7% for cadmium-free, thin-film solar cells measuring approx. 0.5 cm2, as measured by the National Institute of Advanced Industrial Science and Technology (AIST). It has been ten years since the previous record of 18.6% was set.
This world record was achieved using cells cut from a 30cm x 30cm substrate, rather than specifically-developed small area cells, demonstrating high potential for further increases.
19.7%
Slide10R&D and MF Achievement in 4 years
9
© Solar Frontier K.K.
Factory
Mod.
Eff
Format
Capacity
Invest/
MW
Staff/MW2007MP19.5%1235x64120MW300M
Yen3.52009MP211%1235x64
160MW
250M Yen
2.5
2011
MP3
12.
6
%
1257x977
900MW
110M Yen
0.9
Slide11CIS: 5% more kWh per rated capacity
10
© Solar Frontier K.K. CONFIDENTIAL
CIS
c-Si
CdTe
Slide12Softbank Field Tests
11
© Solar Frontier K.K.
Credit Suisse: “
This data shows that the panels made by Showa Shell Sekiyu subsidiary Solar Frontier performed best in 10 of 12 monthly test cases.”
Slide13Product Development Roadmap
80
1,000
1,500
3
rd
Plant
900MW
150W
13.3%
AA
Module eff. 12.2%
GEN2
GEN1
GEN3
Total Prod. Capacity
(MW)
AA-Efficiency
(%)
AA=Aperture Area
14
13
12
11
17
・・・・
2
nd
Plant
60MW
1
st
Plant
20MW
92.5W
13.0%
AA
Module eff. 11.6%
GEN1:Existing technology based upon
selenization
, CIGSS absorber,
Cd
-Free
GEN2:
Large substrate,
High quality CIGSS crystals with
Voc and FF improvement
160W
14.2% AA
Module eff. 13.0%
GEN3
2011
2012
2013
2014
2010
2009
Now
Future
GEN3:
Innovative crystal growth.
Refined module and circuit design.
Optical tuning
170W
15.0%
AA
Module eff. 13.9%
Applied
16.3%
AA
17%
AA
Lab Technology
Applied
4
th
plant
GEN2 Tech
GEN3 Tech
On 30cm x 30cm module
Achieved
Product Development Roadmap
12
RAC10-0044_02
Unrestricted
Slide14Contact:
Ravi MenonManager – Engineering & Business Development
Ravi.Menon@solar-frontier.com
(408) 916-4152
http://www.solar-frontier.com
13
©
Solar Frontier K.K.