The cell has achieved a power conversion efficiency of 23.5%. The result was confirmed by China’s National Center of Supervision and Inspection on Solar Photovoltaic Product Quality (CPVT).
While some analysts have said the raw material shortage has eased sufficiently of late for its selling price to stabilize, the chief executive of Xinjiang-based producer Daqo made bullish statements about his company’s prospects yesterday, based on an expectation of continuing tight supply of the solar panel component.
The nation produced 57% more solar cells in the first half of this year than in the same period a year earlier, according to a financial update from state-controlled manufacturer Luoyang Glass.
The German company will sell 70,000 tons of its product to the module maker over the course of a five-year contract.
Furthermore, Zhonghuan Semiconductor’s parent company has reported strong results for its PV business and solar developer Shunfeng has halted trading in its shares.
Solar glassmaker Xinyi reported Beijing’s plans as it outlined bumper first-half returns whilst warning investors the boost in glass prices seen last year is likely to be short-lived.
The new factory should begin production within six months and serve the company’s cell and module assembly factories in Malaysia, as well as the module assembly facility in the United States.
The outlook for U.S. residential solar remains strong, according to Jesse Pichel of ROTH Capital Partners. The large-scale segment, however, is hampered by rising costs and the likelihood of sanctions on Xinjiang-made materials.
Canadian Solar also reports solid Q2 results, with PV shipments reaching 3.7 GW and revenue totaling US$1.43 billion.
The solar PV module manufacturer reported strong growth for its energy storage business and an overall 105% year-on-year turnover growth. Its total module production capacity reached 19.7 GW at the end of June.
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