The debt-saddled developer has turned to another of its state-owned backers to dig it out of a hole as it scrambles to raise $242 million in eight days.
The Chinese manufacturer has achieved conversion efficiencies of 21.82% and 22.49% for its p-type PERC and n-type HOT bifacial panels, respectively. The results were confirmed by Germany’s TÜV Rheinland.
The Chinese manufacturer had to ship a lot more ingots, wafers, cells and modules to secure a modest rise in returns, according to its unaudited 2019 figures.
The German PV equipment provider has agreed to supply manufacturing equipment for CIGS thin-film solar panels to the CNBM Bengbu Design and Research Institute for Glass Industry, a subsidiary of cement producer China National Building Material.
Panda Green today said delays acquiring the necessary approvals were responsible for holding up its critical HK$1.79 billion lifeline but the deadline for completion had originally been put back to coincide with publication of the results of a debt restructuring proposal which ultimately tempted less than a third of note holders.
Is First Solar stalled in innovation and growth? Markus Beck, a thin-film solar expert and former chief technologist at First Solar, provides an industry perspective on the fate of thin-film PV in the United States.
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