TEMPE, USA: First Solar Inc. announced that Robert J. Gillette has been appointed chief executive officer, succeeding Mike Ahearn.
Gillette brings a wealth of experience to this position, having spent the last four and a half years as the CEO and president of Honeywell Aerospace, Honeywell International’s most profitable business group with current sales of more than $12 billion annually. In this role, he led more than 40,000 associates at nearly 100 worldwide manufacturing and service sites.
In welcoming Gillette to First Solar, Ahearn said, “I compliment the Board of Directors and the search committee for identifying and bringing to First Solar an executive possessing a unique combination of skills and experiences that make him an ideal leader for First Solar in the next wave of our growth.”
“Rob has a track record of fostering innovation and bringing new technologies and products to market. He has built organizational capability to enable businesses to scale in complex and geographically diverse markets and he has worked extensively in global markets, including Europe, Asia and South America,” said Ahearn. “He has demonstrated a leadership style that meshes well with our core values and will enable him to form strong working relationships with our management team.”
“This is a unique opportunity to join a leader in what promises to be one of the most important industries of the 21st century,” said Gillette. “I am excited to lead First Solar through the next phase of its growth.”
Gillette will assume his duties as CEO and join the Board of Directors effective October 1, 2009. As previously announced, Ahearn will continue to serve in the full-time position of executive chairman.
Showing posts with label solar/PV market. Show all posts
Showing posts with label solar/PV market. Show all posts
Saturday, September 5, 2009
Friday, September 4, 2009
Solar: Hot market, new report!
USA: Solar is still an emerging industry-market revenues are only about 25 percent of FPD market revenues-but photovoltaic (PV) cell production capacity will more than double between 2009 and 2013.
Some FPD companies have taken note, and given the supply chain overlaps between the FPD and PV markets, they are diversifying into solar.
Covering more than 230 solar cell manufacturers, the new Quarterly PV Cell Capacity Database & Trends Report from DisplaySearch offers a level of detail that is vital in forecasting where this uncertain market is headed, including which technologies are dominating, which companies are succeeding and where production is clustering.
Report highlights include:
* PV cell capacity in megawatts, broken down by country, manufacturer, factory, technology, equipment, glass size, install dates and more.
* Historical and forecast ramped capacity from 2000-2013 with quarterly and annual sums as well as nameplate values.
* Graphical and database-style information for both quick reads and in-depth study.
Some FPD companies have taken note, and given the supply chain overlaps between the FPD and PV markets, they are diversifying into solar.
Covering more than 230 solar cell manufacturers, the new Quarterly PV Cell Capacity Database & Trends Report from DisplaySearch offers a level of detail that is vital in forecasting where this uncertain market is headed, including which technologies are dominating, which companies are succeeding and where production is clustering.
Report highlights include:
* PV cell capacity in megawatts, broken down by country, manufacturer, factory, technology, equipment, glass size, install dates and more.
* Historical and forecast ramped capacity from 2000-2013 with quarterly and annual sums as well as nameplate values.
* Graphical and database-style information for both quick reads and in-depth study.
Thursday, September 3, 2009
Industry-wide solar crisis coming next year –- Thank you China!
NEW TRIPOLI, USA: The solar industry is at a critical stage and 50 percent of the existing solar manufacturers may not survive 2010 according to the report: Opportunities in The Solar Market For Crystalline and Thin Film Solar Cells, published by The Information Network.
“I wrote only a month ago that massive inventory buildup and huge overcapacity were having a serious impact on the solar panel industry and its manufacturers,” noted Dr. Robert Castellano, president of The Information Network. “To reiterate, inventory is averaging 122 days in 2009 versus 71 days in 2008. Capacity utilization (amount of production capacity actually produced) dropped to 27.9 percent in 2009 from 48 percent in 2008.”
For 2010, I “cautiously” anticipated that no new additional capacity will be brought on board, maintaining 2009 levels of 17,551 MW. This would bring capacity utilization to 35.4 percent and reduce inventory to 96 days on average for all of 2010. That ideal scenario is represented in the table below.
Source: The Information Network
If solar manufactures went ahead and installed all the capacity planned for 2010, it would even worsen the outcome of the solar industry –- the utilization would decrease further to 26.8 percent and days of inventory would increase to 127 days, as shown in the table.
Now, I am hearing that small solar panel manufacturers in China are planning to bring an additional 1 GW of panels to the market by the end of 2009, which we have learned based on manufacturing equipment purchases. While it represents an increase of less than 5 percent of the planned capacity, there are several implications.
1. China’s solar panel manufacturers, exasperating the situation by adding more capacity, are already dropping prices to $1.80 per watt for polysilicon-based products, which is lower than the $1.85 level we projected back in March for the end of 2009. By way of comparison, the average selling price in Q3 2008 was $4.05 per watt.
2. Because of economies of scale, whereby the more solar panels manufactured, the lower the cost to make them, other manufacturers will increase capacity to their planned 2010 levels in order to compete against the Chinese. We will now reach the last column in the table –- 25.7 percent capacity utilization and 133 days inventory.
3. Average selling prices could drop below $1 per watt in 2010 and $0.50 in 2011.
4. As many as 50 percent of the more than 200 solar manufacturers, mired in red ink with current selling prices above $2.00 per watt, may not survive.
“I wrote only a month ago that massive inventory buildup and huge overcapacity were having a serious impact on the solar panel industry and its manufacturers,” noted Dr. Robert Castellano, president of The Information Network. “To reiterate, inventory is averaging 122 days in 2009 versus 71 days in 2008. Capacity utilization (amount of production capacity actually produced) dropped to 27.9 percent in 2009 from 48 percent in 2008.”
For 2010, I “cautiously” anticipated that no new additional capacity will be brought on board, maintaining 2009 levels of 17,551 MW. This would bring capacity utilization to 35.4 percent and reduce inventory to 96 days on average for all of 2010. That ideal scenario is represented in the table below.
Source: The Information NetworkIf solar manufactures went ahead and installed all the capacity planned for 2010, it would even worsen the outcome of the solar industry –- the utilization would decrease further to 26.8 percent and days of inventory would increase to 127 days, as shown in the table.
Now, I am hearing that small solar panel manufacturers in China are planning to bring an additional 1 GW of panels to the market by the end of 2009, which we have learned based on manufacturing equipment purchases. While it represents an increase of less than 5 percent of the planned capacity, there are several implications.
1. China’s solar panel manufacturers, exasperating the situation by adding more capacity, are already dropping prices to $1.80 per watt for polysilicon-based products, which is lower than the $1.85 level we projected back in March for the end of 2009. By way of comparison, the average selling price in Q3 2008 was $4.05 per watt.
2. Because of economies of scale, whereby the more solar panels manufactured, the lower the cost to make them, other manufacturers will increase capacity to their planned 2010 levels in order to compete against the Chinese. We will now reach the last column in the table –- 25.7 percent capacity utilization and 133 days inventory.
3. Average selling prices could drop below $1 per watt in 2010 and $0.50 in 2011.
4. As many as 50 percent of the more than 200 solar manufacturers, mired in red ink with current selling prices above $2.00 per watt, may not survive.
Tuesday, September 1, 2009
Evergreen Solar and Jiawei Solar hold ceremonial groundbreaking at Wuhan plant
MARLBORO, USA & WUHAN, CHINA: In a ceremony at Wuhan, China, Evergreen Solar Inc., a manufacturer of String Ribbon solar power products with its proprietary, low-cost silicon wafer technology, and its contract manufacturing partner, Jiawei Solarchina Co., celebrated the groundbreaking for their new 100 megawatt manufacturing plants.
Evergreen Solar Chairman, President and CEO Richard M. Feldt was joined by Qing-Quan Lo, Hubei Province party leader; Hong-Zhong Li, Governor of Hubei Province; Song Yang, Wuhan City party leader; Chen-Fa Ruan, Wuhan City Mayor and other high ranking government officials as well as Professor Ding Kongxian, chairman of Jiawei Solarchina Co., Ltd., and senior management from Jiawei and the Hubei Science & Technology Investment Co. for the ceremony celebrating the start of the plant’s construction, which actually began in July of 2009. Construction is on schedule to be completed by spring 2010.
These manufacturing plants are part of an agreement between Evergreen Solar and Jiawei through which Evergreen Solar will manufacture String Ribbon wafers using its state-of-the-art Quad furnaces at this leased facility being built on Jiawei’s campus. Jiawei will convert the String Ribbon wafers into Evergreen Solar-branded panels on a contract manufacturing basis.
"Today represents an important step in the growth of Evergreen Solar," said Feldt. "When you combine Evergreen Solar’s unique wafer technology and Jiawei’s high quality, cost efficient cell and panel conversion processes, we believe we have a winning formula that will produce the best performing and lowest cost multi-crystalline solar panels in the world.
"We’re extremely pleased that construction proceeds according to schedule and look forward to beginning production of our String Ribbon solar panels in the spring of 2010."
Evergreen Solar Chairman, President and CEO Richard M. Feldt was joined by Qing-Quan Lo, Hubei Province party leader; Hong-Zhong Li, Governor of Hubei Province; Song Yang, Wuhan City party leader; Chen-Fa Ruan, Wuhan City Mayor and other high ranking government officials as well as Professor Ding Kongxian, chairman of Jiawei Solarchina Co., Ltd., and senior management from Jiawei and the Hubei Science & Technology Investment Co. for the ceremony celebrating the start of the plant’s construction, which actually began in July of 2009. Construction is on schedule to be completed by spring 2010.
These manufacturing plants are part of an agreement between Evergreen Solar and Jiawei through which Evergreen Solar will manufacture String Ribbon wafers using its state-of-the-art Quad furnaces at this leased facility being built on Jiawei’s campus. Jiawei will convert the String Ribbon wafers into Evergreen Solar-branded panels on a contract manufacturing basis.
"Today represents an important step in the growth of Evergreen Solar," said Feldt. "When you combine Evergreen Solar’s unique wafer technology and Jiawei’s high quality, cost efficient cell and panel conversion processes, we believe we have a winning formula that will produce the best performing and lowest cost multi-crystalline solar panels in the world.
"We’re extremely pleased that construction proceeds according to schedule and look forward to beginning production of our String Ribbon solar panels in the spring of 2010."
Monday, July 27, 2009
Solar market suffers inventory glut
EL SEGUNDO, USA: A massive oversupply of solar modules combined with disappointing demand caused average inventories throughout the solar supply chain to soar by 64.3 percent, spurring major oversupply and price erosion, according to iSuppli Corp.
Average days of inventory among solar module and cell makers, polysilicon and wafer suppliers and vertically integrated companies that provide all these items surged to more than 121 in the first quarter of 2009, up from 74.2 during the same period in 2008.
“The worldwide solar industry for the first quarter added the equivalent of one-and-a-half months of excess inventory in just one year,” said Dr. Henning Wicht, principal analyst, Photovoltaics (PV) research, for iSuppli. “With new polysilicon capacity coming online this year, the PV industry will suffer further price erosion, at all nodes of the value chain.”
iSuppli estimates the spot price per kilogram for polysilicon, the key raw material for making solar cells, will drop to $50 by the end of the year, down by 72 percent from $180 per kilogram at the beginning of 2009.
The figure presents average days of inventory for the major segments of the solar supply chain.
Source: iSuppli, July 2009
The perils of poly
On the demand side, the solar market is coping with a demand sinkhole that was left after Spain’s PV demand collapsed. Despite this, solar-cell makers are still compelled to take deliveries from their polysilicon suppliers due to their long-term contractual obligations.
On the supply side, polysilicon providers recently invested billions in new facilities, forcing them to produce in order to cover these new fixed costs.
Integrated firms holding the bag
Some of the hardest-hit entities in the PV industry have been the fully integrated players. These companies, including REC, Yingli, and SolarWorld, have operations in all three nodes of the value chain: polysilicon, wafer and cells.
Inventory levels for this segment jumped to more than 161 days in the first quarter, up from 86 days during the first three months of 2008.
One major reason these companies have borne the brunt of the inventory surge is their integrated structure. These firms possess integrated wafer and polysilicon production that help secure raw materials during periods of a supply bottleneck in the industry.
However, the integrated firms found their hands tied to their own capacity at various nodes when demand dropped off a cliff at the end of 2008.
This, in turn, created a lag time relative to other sectors in the industry that is now just reacting to the business environment, causing the severe inventory build-ups that led to margin compression.
Cell and module manufacturers
Cell and module manufacturers are currently experiencing significant increases in inventory, with levels rising to 105 days from the third-quarter level in 2008 of 47 days. This is due, in part, to pressure from wafer and polysilicon suppliers desiring that their customers adhere to shipment schedules negotiated in 2007 and 2008.
Polysilicon and wafer manufacturing have done the best job of maintaining inventories in this dynamic environment. With only a modest increase to 98 days from 74 days a year ago, it would seem that things are not looking so bad at this node compared to that of cell and module manufacturers.
However, as the year rolls on, this node in the chain will be hit with additional capacity coming online from major existing and relatively new polysilicon players. Such a development will lead to severe turmoil at this section of the value chain as the spot market will be flooded with excess capacity, with many looking to only cover variable costs.
iSuppli expects to see inventories at this node in the value chain to rise throughout this year and persist into 2010.
Average days of inventory among solar module and cell makers, polysilicon and wafer suppliers and vertically integrated companies that provide all these items surged to more than 121 in the first quarter of 2009, up from 74.2 during the same period in 2008.
“The worldwide solar industry for the first quarter added the equivalent of one-and-a-half months of excess inventory in just one year,” said Dr. Henning Wicht, principal analyst, Photovoltaics (PV) research, for iSuppli. “With new polysilicon capacity coming online this year, the PV industry will suffer further price erosion, at all nodes of the value chain.”
iSuppli estimates the spot price per kilogram for polysilicon, the key raw material for making solar cells, will drop to $50 by the end of the year, down by 72 percent from $180 per kilogram at the beginning of 2009.
The figure presents average days of inventory for the major segments of the solar supply chain.
The perils of poly
On the demand side, the solar market is coping with a demand sinkhole that was left after Spain’s PV demand collapsed. Despite this, solar-cell makers are still compelled to take deliveries from their polysilicon suppliers due to their long-term contractual obligations.
On the supply side, polysilicon providers recently invested billions in new facilities, forcing them to produce in order to cover these new fixed costs.
Integrated firms holding the bag
Some of the hardest-hit entities in the PV industry have been the fully integrated players. These companies, including REC, Yingli, and SolarWorld, have operations in all three nodes of the value chain: polysilicon, wafer and cells.
Inventory levels for this segment jumped to more than 161 days in the first quarter, up from 86 days during the first three months of 2008.
One major reason these companies have borne the brunt of the inventory surge is their integrated structure. These firms possess integrated wafer and polysilicon production that help secure raw materials during periods of a supply bottleneck in the industry.
However, the integrated firms found their hands tied to their own capacity at various nodes when demand dropped off a cliff at the end of 2008.
This, in turn, created a lag time relative to other sectors in the industry that is now just reacting to the business environment, causing the severe inventory build-ups that led to margin compression.
Cell and module manufacturers
Cell and module manufacturers are currently experiencing significant increases in inventory, with levels rising to 105 days from the third-quarter level in 2008 of 47 days. This is due, in part, to pressure from wafer and polysilicon suppliers desiring that their customers adhere to shipment schedules negotiated in 2007 and 2008.
Polysilicon and wafer manufacturing have done the best job of maintaining inventories in this dynamic environment. With only a modest increase to 98 days from 74 days a year ago, it would seem that things are not looking so bad at this node compared to that of cell and module manufacturers.
However, as the year rolls on, this node in the chain will be hit with additional capacity coming online from major existing and relatively new polysilicon players. Such a development will lead to severe turmoil at this section of the value chain as the spot market will be flooded with excess capacity, with many looking to only cover variable costs.
iSuppli expects to see inventories at this node in the value chain to rise throughout this year and persist into 2010.
2008 was record year for solar PV sales
DUBLIN, IRELAND: Research and Markets has announced the addition of the "Solar PV Report Ed 6 2009" report to its offering.
2008 was a record year for solar PV sales, with 5.7 GW of new capacity added. Spain shot into top place, with 2.7 GW added, the largest volume of annual sales achieved by any country ever, followed by Germany with 1.5 GW. Between them they accounted for three quarters of world sales.
However, Spain's pre-eminence was short-lived and in the wake of the financial crisis the Spanish government announced a cap on the feed-in subsidy for solar PV installations at 500 MW in 2009.
This will not only put a brake on Spanish sales but will reduce the global solar PV total in 2009, we believe by at least 50 percent. The Spanish renewable associations are looking ahead at least two years before recovery starts in Spain.
The slowdown in solar PV sales has had some good outcomes however. The shortage of silicon, which has been restraining development, is no longer a major issue and by the time recovery starts new supply should be in place.
Secondly, prices of solar modules are coming down. Thirdly, small companies in the supply chain are merging and being taken over, consolidating the industry.
The report, monitors the progress of two new players in the international market, China and Korea. Chinese solar PV companies have developed very fast and a number conducted IPOs in China and other countries in 2007 and 2008.
A mushrooming production capacity for solar cells and modules has been accompanied by growing production and re-cycling of silicon. This is affected by the global slow-down but the Chinese industry is already well placed for the future. Domestic demand in China has not kept pace and it is an export oriented industry to date.
With the cut-back in Spain, Germany, followed by Japan and the USA still remains the global leader, but new countries are entering the market and the industry is spreading beyond its historical areas.
2008 was a record year for solar PV sales, with 5.7 GW of new capacity added. Spain shot into top place, with 2.7 GW added, the largest volume of annual sales achieved by any country ever, followed by Germany with 1.5 GW. Between them they accounted for three quarters of world sales.
However, Spain's pre-eminence was short-lived and in the wake of the financial crisis the Spanish government announced a cap on the feed-in subsidy for solar PV installations at 500 MW in 2009.
This will not only put a brake on Spanish sales but will reduce the global solar PV total in 2009, we believe by at least 50 percent. The Spanish renewable associations are looking ahead at least two years before recovery starts in Spain.
The slowdown in solar PV sales has had some good outcomes however. The shortage of silicon, which has been restraining development, is no longer a major issue and by the time recovery starts new supply should be in place.
Secondly, prices of solar modules are coming down. Thirdly, small companies in the supply chain are merging and being taken over, consolidating the industry.
The report, monitors the progress of two new players in the international market, China and Korea. Chinese solar PV companies have developed very fast and a number conducted IPOs in China and other countries in 2007 and 2008.
A mushrooming production capacity for solar cells and modules has been accompanied by growing production and re-cycling of silicon. This is affected by the global slow-down but the Chinese industry is already well placed for the future. Domestic demand in China has not kept pace and it is an export oriented industry to date.
With the cut-back in Spain, Germany, followed by Japan and the USA still remains the global leader, but new countries are entering the market and the industry is spreading beyond its historical areas.
Tuesday, July 14, 2009
Photovoltaic incentive programs and country profiles
LYON, FRANCE: Yole Développement has released a new marketing & technology study dedicated to the photovoltaic industry: Photovoltaic Incentive Programs & Country Profiles. Yole Développement has interviewed key experts for each country to analyze each program.
The objective of this study is to provide the best information on each country active in the PV field including a concise summary of the type and the definition of incentive programs.
Market trends
With virtually unlimited potential, photovoltaic (PV) technology is the most promising source of electricity for the future. Driven by carbon concerns, desire for energy independence and limited oil and gas production, many governments want to increase the share of electricity produced by solar panels.
However, photovoltaic electricity production remains one of the most expensive. An effective way to increase PV electricity production is to reduce the cost through targeted incentives.
In the last 10 years, a number of government sponsored incentive programs have been established. Japan and Germany led the way and each encountered tremendous success.
The demand for solar panels experienced in recent years in those countries has been a direct result of their incentive programs. When a country decides to promote PV energy with incentives it will result in: immediate investment opportunities; creation of thousands of jobs; and shipping of solar products in substantial volumes.
However, incentive programs are complex and it is crucial for everyone involved to have a clear picture of the situation to make informed choices.
Detailed data & analysis for each country
In 2007, Spain launched interesting PV incentives which created demand and investors responded. As installed capacity exceeded targets, in 2008 the Spanish government limited the program.
The PV industry in Spain was hit hard. In 2007 all lights were green and companies expanded capacity. By 2009, the limitation of the incentives reduced demand and companies suffered due to over investment.
Source: Yole Développement.
To properly gauge the market, each new incentive program must be analyzed and converted into a number of peak megawatts (MWp) installed. As countries rush to promote this technology many new incentive programs have been announced. China, France, Czech Republic and Bulgaria among
others are rolling out programs.
For each country, Yole’s report provides general data (population 2006; GDP 2006, total energy production) as well as specific data on the PV industry: share of source of electricity, insolation map, description of incentive program, breakdown of installation.
“Industrial companies and/or investors that need accurate information on countries to make strategic decisions will benefit by acquiring this report” explains Gaetan Rull, Marketing Analyst at Yole Développement.
Information described in this report is based on an in‐depth investigation Yole Développement carried out on 80 countries in the world. The company has discussed with the main organizations and controlling bodies in each country of interest in order to get access to the most relevant information.
Catalogue price: Euros 2,990
The objective of this study is to provide the best information on each country active in the PV field including a concise summary of the type and the definition of incentive programs.
Market trends
With virtually unlimited potential, photovoltaic (PV) technology is the most promising source of electricity for the future. Driven by carbon concerns, desire for energy independence and limited oil and gas production, many governments want to increase the share of electricity produced by solar panels.
However, photovoltaic electricity production remains one of the most expensive. An effective way to increase PV electricity production is to reduce the cost through targeted incentives.
In the last 10 years, a number of government sponsored incentive programs have been established. Japan and Germany led the way and each encountered tremendous success.
The demand for solar panels experienced in recent years in those countries has been a direct result of their incentive programs. When a country decides to promote PV energy with incentives it will result in: immediate investment opportunities; creation of thousands of jobs; and shipping of solar products in substantial volumes.
However, incentive programs are complex and it is crucial for everyone involved to have a clear picture of the situation to make informed choices.
Detailed data & analysis for each country
In 2007, Spain launched interesting PV incentives which created demand and investors responded. As installed capacity exceeded targets, in 2008 the Spanish government limited the program.
The PV industry in Spain was hit hard. In 2007 all lights were green and companies expanded capacity. By 2009, the limitation of the incentives reduced demand and companies suffered due to over investment.
To properly gauge the market, each new incentive program must be analyzed and converted into a number of peak megawatts (MWp) installed. As countries rush to promote this technology many new incentive programs have been announced. China, France, Czech Republic and Bulgaria among
others are rolling out programs.
For each country, Yole’s report provides general data (population 2006; GDP 2006, total energy production) as well as specific data on the PV industry: share of source of electricity, insolation map, description of incentive program, breakdown of installation.
“Industrial companies and/or investors that need accurate information on countries to make strategic decisions will benefit by acquiring this report” explains Gaetan Rull, Marketing Analyst at Yole Développement.
Information described in this report is based on an in‐depth investigation Yole Développement carried out on 80 countries in the world. The company has discussed with the main organizations and controlling bodies in each country of interest in order to get access to the most relevant information.
Catalogue price: Euros 2,990
Friday, May 22, 2009
Sanyo to launch high output HIT-HD solar modules in Europe
MUNICH, GERMANY: Sanyo Electric Co. Ltd has announced the development of new 240W and 235W HIT-HD photovoltaic modules, with the highest output of any SANYO solar panel, based on performance improvement for the HIT-HD*1 series.
The new modules are to begin mass production at SANYO Hungary Plant by October 2009. The new HIT-HD module will be on display at the Intersolar trade show being held in Munich, Germany, from May 27 to 29, 2009.
High Output 240/235W HIT-HD PV Modules (HIT-240/235HDE4)
Greater output and efficiency through manufacturing process optimization
Previous SANYO solar panels had a maximum rated power output of 230 watts per module (i.e., HDE Series 230W).
Now, with this improved HIT-HD module, a rated power of 240 watts has been achieved through the optimization of the cell manufacturing process. A cell conversion efficiency of 20 percent has also been reached (module conversion efficiency of 17.3 percent), which is the highest efficiency for a mass-produced SANYO model.
The new modules are to begin mass production at SANYO Hungary Plant by October 2009. The new HIT-HD module will be on display at the Intersolar trade show being held in Munich, Germany, from May 27 to 29, 2009.
High Output 240/235W HIT-HD PV Modules (HIT-240/235HDE4)
Greater output and efficiency through manufacturing process optimization
Previous SANYO solar panels had a maximum rated power output of 230 watts per module (i.e., HDE Series 230W).
Now, with this improved HIT-HD module, a rated power of 240 watts has been achieved through the optimization of the cell manufacturing process. A cell conversion efficiency of 20 percent has also been reached (module conversion efficiency of 17.3 percent), which is the highest efficiency for a mass-produced SANYO model.
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