Gerhard Rauter, COO. Q-CELLS SE Leading edge photovoltaic technologies for Europe

Transcription

1 Gerhard Rauter, COO Q-CELLS SE Leading edge photovoltaic technologies for Europe

2 Q-CELLS SE Foundation: November 1999 Core business: Si-Solar Cells Start of production: 2001 Production (2007): 389 MW Number of employees (2007): 1707 Domicile: Bitterfeld-Wolfen, Germany 2

3 EQUITY STORY 1 Strong market growth 2 No. 1 solar cell producer One of the world s leaders in photovoltaic 3 4 Proven growth and profitability track record Portfolio of innovative highly advanced products 5 Leading edge R&D expertise 6 Strong position in additional PV-technologies 3

4 Q-CELLS AT A GLANCE Company Description Key Figures Specialised in cell technologies Strong operating track record Strong focus on Research and Development Unique portfolio of new technologies Strategy: Growth and cost reduction Production (in MWp) Sales (in EURm) EBIT (in EURm) Net income (in EURm) * Employees * Plus one-off income amounting to 9.4 EURm 4

5 GROUP ORGANISATION Wafer-Based Technology 17.18% Strategic partner Main supplier Technology leader in polycrystalline silicon production String Ribbon technology 33.33% Joint Venture with Evergreen Solar and REC 32% Core Business No. 1 solar cell producer in 2007 Poly- and monocrystalline solar cells Next generation highefficiency cell concepts in development Ingot and wafer production for further cost reduction Thin-Film Business Fixed Substrates (Glass) BRILLIAT % Micromorph silicon technology 93% Cadmium telluride technology 67.5% CIGS technology 18.63% Crystalline silicon on glass Flexible Substrates Low-concentration PV technology VHF Technologies 58.11% Amorphous silicon on plastic foil ( flexcell ) Leader in core business with a strong focus on new technologies 5

6 A SHORT HISTORY OF THE PV INDUSTRY The history of solar cell diffusion 2007 ~2,3GW 6

7 DEVELOPMENT OF WORLD ENERGY DEMAND Annual energy consumption (EJ/a) 1,600 1,400 1,200 1, Source: German Advisory Council on Global Change, Berlin 2003 Geothermal Other renewables Solar Thermal (Heat) Solar electricity (PV and solar thermal) Wind Biomass (mod.) Biomass (trad.) Hydroelectricity Nuclear Gas Coal Oil 7

8 GRID PARITY REACHES EUROPE break even limit 8

9 GRID PARITY REACHES EUROPE 9

10 GRID PARITY REACHES EUROPE MARKET WILL BE INFINITE 10

11 A SHORT HISTORY OF THE SOLAR CELL EFFICIENCY 11 source: NREL

12 EVOLUTION OF SI SOLAR CELL EFFICIENCIES AT Q-CELLS η% 28% Back Contact Next generation Advanced 22% Passivated emitter locally diffused State of the Art 16% Passivated backside incl. point contacts time 12

13 COST REDUCTION POTENTIALS 1 60 µm decrease in thickness leads to approx % increase in wafer output or 10-15% cost reduction 2 1% increase in cell efficiency leads to approx. 7% cost reduction at all levels of value chain 3 4 Degression of costs with increase of production 5 6 Cell Thickness Production Higher Cell Efficiency Global Footprint Additional production complex in Malaysia Economies of Scale Other (cell production) Increase in throughput, breakage reduction, increasing rate of A-cells, increase in uptimes Inhouse Ingoting & Wafering Cell thickness reduction µm µm µm 200 µm 2003 H H H Q H2 In trial/ 2008 Q Cell efficiency Potential Production average 2002 (polycr. cells) Typical production range today (polycr. cells) Potential for polycrystalline cells Potential for monocrystalline cells 180 µm 14.3 % 160 µm % (1) 18 % 120 µm In lab. (1) Process and material dependent 21 % Improvements in technology offer significant cost saving potential 13

14 NEXT INNOVATION: POINT CONTACT CELL Point Contact Cell: Excellent passivation Local contacts Innovative, low cost metallization Significant efficiency increase High potential for efficiency increase > 20% 14

15 3RD GENERATION CONCEPTS 3rd Generation: Nano technology Multi bandgap Up conversion Down conversion Hot carrier Nano Particles as Absorber Materials or as Conductivity Enhancement Thermodynamic efficiency limit exceeding 80% of which ~41% have been realized with R&D-lab cells 15

16 INNOVATIVE EQUIPMENT SUPPLIERS INCLUDING PROCESSES NEEDED (e.g. Inkjet Technology, I 2, Litho ) 16

17 PV MODULE PRODUCTION EXPERIENCE (or Learning Curve) 17 source: NREL

18 PRODUCTION TECHNOLOGY FOR PHOTOVOLTAICS: HOW WE PROGRESS Joint Development of Technology Roadmap Manufacturers Extend PV-Workinggroups Networking Usage of Renewable Energy Supplier: Automation Optimization life cycle engineering Economic Constraints e.g. Increase of Energy Prices Joint PV-Group Supplyprocess Supplier: Metrology 18

19 OUTLOOK Silicon usage by sector e PV will be the dominant growth factor of semiconductor industry! source: Photon Consulting, PV Crystalox 19

20 OUTLOOK Silicon usage by sector e The difference of PV to other mass production commodity markets is: it s only electrical energy for everyone there is potential of growth for the next century PV will be the dominant growth factor of semiconductor industry! source: Photon Consulting, PV Crystalox 20

21 THANK YOU FOR YOUR ATTENTION! ONE SUN. ONEWORLD. ONE Q. 21