The module manufacturer reported a gross profit of $210.5 million, up 0.1% from the first quarter but down 10.2% from the second quarter of 2020.
The investment is expected to provide growth capital for increased domestic production and sourcing, and to enable new generations of modules.
The module has a power conversion efficiency of 20.40%, a size of 1,076×1,957x35mm, and a weight of 21.3kg.
Also on the rise: Making sense of the triple trade threat facing solar, proposed rules could speed up energy storage deployment in California, and water and a wipe may help cool down hot solar modules.
A trio of trade-based issues will likely impact most solar sector players. It’s crucial to understand and track what’s going on.
The result is claimed by the company to be the highest efficiency yet reported for any large, polymer film-based perovskite PV module.
Also on the rise: Heliene expands its panel manufacturing capacity, leading Chinese producers agree on 182mm standardization, and a battery recycler plans a facility in the Deep South.
Construction will start in September with manufacturing set to begin in June 2022.
The three Chinese panel manufacturers found an agreement on module size and mounting hole spacing.
The frameless panel is based on 22% efficient solar cells and is designed for high, one-sided heat load.
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