Is 5N Plus miffed because FSLR has another tellurium supplier on the side?*
A major materials supplier to First Solar makes a strategic entry into the concentrating photovoltaics market.*
A few months ago we reported on rumors that First Solar, the globe's leading producer of thin-film photovoltaic panels, was looking to buy 5N Plus (TSX:VNP) to secure its supply of the element tellurium.
It turns out, for now at least, that 5N Plus itself is in an acquisitive mood while First Solar has busied itself with buying tracker startups.
5N Plus just acquired a majority interest in Sylarus Technologies of Saint George, Utah. Sylarus is a producer of germanium substrates for triple junction solar cells used for concentrating photovoltaics (CPV). We just reported on a bit of a breakthrough and some cause for optimism in CPV here.
In its most recent quarter, 5N Plus posted revenue of $18.8 million for its high-purity metals business. About 70 percent of 5N Plus' sales come from First Solar....MORE
Dec. 1, 2010
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UPDATED: "First Solar News, Rumors: CIGS, Mercury, Tellurium" (FSLR; ASOE; TSL; STP; JASO )
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