Transform Solar, a 50:50 solar photovoltaic joint venture between Micron Technology Inc. (Micron) and Origin Energy Limited (Origin), today decided to discontinue production of its SLIVER photovoltaic modules in Idaho, United States.

Transform Solar's decision follows its strategic review of opportunities in light of the current global oversupply of solar photovoltaic capacity and resultant challenging market conditions. These circumstances do not currently support investment in new technology, and, as a consequence, Transform Solar will progressively reduce its Idaho operations and workforce during the next three months.

Having demonstrated SLIVER's investment proposition through Transform Solar's 20 MW production facility, Transform Solar will retain SLIVER's intellectual property and currently expects to continue its development at a laboratory scale.

Origin is currently reviewing the carrying value of its 50 per cent interest in Transform Solar, which was $134 million at 31 December 2011. Disclosure of any decision will be made at the release of Origin's FY2012 full year results on 23 August 2012.

The retailing of solar energy products in Australia is a key component of Origin's retail and commercial customer offerings, and the company will continue to support customers who have purchased SLIVER systems in Australia.

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