The upgrade is due to start next January and will be finalized and ready for mass production by March, according to Ma Wenxue, general manager of Tianwei.
"This upgrade from Tianwei, demonstrates the competitiveness and innovative advantage of our thin film silicon technology. We will continue to consistently implement our technology roadmap to further strengthen our position in the solar market," added Michael Buscher, CEO of Oerlikon Group.
Tianwei's capacity expansion comes at a time when the global photovoltaic market (PV) is growing faster than ever, says Oerlikon. Analyst firm iSuppli predicts the worldwide PV market will surpass 13 gigawatts (GW) in 2010, which is almost twice the size of the market in 2009. The growth is occurring despite reduction of government incentives in key markets, which demonstrates the competitiveness of low-cost crystalline and low cost thin film technology, continues the company.
In a statement, it said: "Over the past years, Oerlikon Solar has made impressive progress on its technology roadmap as it looks to drive down the cost of solar technology. It has achieved more than 50 percent reduction in cost of ownership since 2008.
"The company is on track to achieve $0.70/W by the end of 2010 with further reduction potential in order to position solar power to be directly competitive with other renewable energy sources, and even conventional energy in growing portions of world energy markets."
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.