Showa Shell Sekiyu KK

Report
Solar Frontier Update
SunSpec Alliance Members Meeting
February 12, 2013
Solar Frontier
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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 Japan
600MW+ supplied worldwide
~1,500 employees
1
Parent Company Profile
Showa Shell Sekiyu K.K.
Core Businesses: Oil & Solar
Year of Establishment: 1985
(Amalgamation of Showa Oil Co., Ltd. & Shell Sekiyu K.K.)
Stock Exchange: TYO:5002
Financial Ratings: A- (R&I), A+ (JCR)
Employees: 1,007
Billion Yen
2010
2011
Change
Revenue
2,346
2,771
(+18%)
Operating Profit
36.7
60.2
(+ 64%)
EBIT
36.3
56.7
(+ 56%)
Net Income
15.9
23.1
(+ 45%)
2
Showa Shell Sekiyu K.K.
Oil Business
510,000bbl/day
Non-oil Business
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
3
History
Oil crisis sparks
joint solar project
with Japanese
government
Technical
partnership
with Arco Solar
Launched
Showa Arco
Solar JV with
Arco Solar
Showa Arco
Solar renamed
Showa Solar
Energy
Shell Solar
acquired
Siemens Solar
Commitment
to CIS
production
Commercial
production in
Miyazaki Plant 1
New
Global Name
Solar Frontier
1974
1981
1986
1990
2003
2005
2007
2010
R&D
crystalline-Si
CIS
amorphous-Si
1978
1983
1987
1993
2004
2006
2009
2011
Showa Shell
starts PV R&D
Started
c-Si
production
Co-founded
JPEA
Start CIS
research
funded
by NEDO
Shell
Solar
Japan
established
Showa
Shell
Solar
established
Production at
2nd plant begins;
Atsugi R&D
Launched
world’s largest
CIS plant
1GW Scale
Center opens
4
Regional Sales Channels
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 135-8074
Japan
5
Key Technology Advantages
Solar Frontier’s unique CIS thin-film technology offers the following benefits:
1.
Outperforms Other Panels
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2.
Superior Reliability
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3.
Efficiency boost after light exposure
Strong in high-temperatures and low-light
Average 5% higher performance
100% Made in Japan
Highly automated production
Highest quality materials
No microcracks or cell solder joints
Most Environmentally-friendly
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Energy Payback Time 0.69 years, 16.8gCO2/kWh
Lead & cadmium free
Reusable packaging
6
Highest Thin-Film Conversion Efficiency
30cm x 30cm sub-module
20
World Record
19
18
17.8%
17.2%
17
16.3%
16.03%
16
15.2%
15
14
14.3%
12.9%
13
12
2000
2002
2007
2010
2010
2011
2012
© Solar Frontier K.K.
7
Highest Conversion Efficiency Today
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.
19.7%
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.
© Solar Frontier K.K.
8
R&D and MF Achievement in 4 years
Factory
Mod. Eff
Format
Capacity
Invest/
MW
Staff/MW
2007
MP1
9.5%
1235x641
20MW
300M Yen
3.5
2009
MP2
11%
1235x641
60MW
250M Yen
2.5
2011
MP3
12.6%
1257x977
900MW
110M Yen
0.9
© Solar Frontier K.K.
9
CIS: 5% more kWh per rated capacity
170.0
CIS
c-Si
CdTe
Average kWh/kWp/month
150.0
130.0
110.0
90.0
70.0
50.0
Brekendorf,
Germany
Kassel,
Germany
© Solar Frontier K.K. CONFIDENTIAL
Rhodes, Greece Otjawarongo,
Namibia
Atsugi, Japan
Arizona, USA
Gunzenhausen,
Germany
Formigliana,
Italy
Atsugi, Japan
10
Softbank Field Tests
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.”
© Solar Frontier K.K.
11
Product
Development
Roadmap
Product
Development
Roadmap
Total Prod.
Capacity
1,500 (MW)
4th plant
17% AA
GEN3 Tech
Lab Technology
AA-Efficiency
(%) AA=Aperture Area
On 30cm x 30cm module
170W 15.0% AA
Applied
16.3% AA
Module eff. 13.9%
Achieved
GEN2 Tech
160W 14.2% AA
1,000
Module eff. 13.0%
14
GEN3:
Innovative crystal growth.
Refined module and circuit design.
Optical tuning
13
150W 13.3% AA
Module eff. 12.2%
3rd Plant
900MW
GEN2
92.5W 13.0% AA
12
GEN2:
Large substrate,
High quality CIGSS crystals with
Voc and FF improvement
2nd Plant Module eff. 11.6%
60MW
GEN1
GEN1:Existing technology based
st
upon selenization, CIGSS absorber,
1 Plant
Cd-Free
20MW
2010
2009
2011
Now
Unrestricted
RAC10-0044_02
・
・
・
・
GEN3
GEN3
Applied
80
17
Future
11
2012
2013
2014
12
Contact:
Ravi Menon
Manager – Engineering & Business Development
[email protected]
(408) 916-4152
http://www.solar-frontier.com
© Solar Frontier K.K.
Corporate Presentation | October 2011
13

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