news digest ♦ Solar
Ascent Solar appoints new board member
The CIGS solar cell manufacturer has appointed Vincent Lee to the Board as the designee of TFG Radiant Investment Group.
Ascent Solar Technologies, a developer of state-of- the-art, flexible thin-film photovoltaic modules, has appointed Victor Lee as a member of its Board of Directors.
Lee, age 44, is currently the managing director of Tertius Financial Group Pte, a boutique corporate advisory and private investment firm he founded in February 2009. He brings more than 17 years of experience in corporate banking, real estate finance and investment management, and corporate advisory services at leading worldwide financial institutions.
As a Class 3 director for Ascent Solar, Lee will stand for election at the Company’s 2014 stockholder meeting. Lee was appointed to the Board as the designee of TFG Radiant Investment Group pursuant to the Stockholders’ Agreement between the Company and TFG Radiant Investment Group, dated August 12, 2011.
Lee began his career at Citibank N.A. handling small- and medium-sized corporate finance and progressed to a vice president position in the International Personal Banking Division. In 1999 he became managing director and Singapore Market Head in the Private Wealth Management Division at Deutsche Bank AG. From 2007 until 2009 he was with Morgan Stanley Private Wealth Management, most recently as executive director and head of Singapore/Malaysia markets. Lee holds a bachelor’s degree in accounting from the University of Wisconsin and a master’s in wealth management from the Singapore Management University.
“We are pleased to welcome Victor to our Board and look forward to benefitting from his expertise and insights, as well as continued support from TFG Radiant,” stated Ron Eller, Ascent Solar president and chief executive officer.
Odersun CIS solar modules meet criteria for higher solar power tariffs in Italy
The Copper-Indium-disulphide semiconductor on long reels of Copper Tape (CISCuT) have been independently tested.
The VDE Institute has confirmed that the thin- film solar cells produced in Germany by Odersun AG will carry the ‘Made in Europe’ certificate. Solar plant operators using Odersun modules can therefore realise a 10% higher feed-in tariff.
This is based on the latest Italian feed-in law (Conto Energia IV), which introduces new rules for funding solar power in Italy. The energy agency GSE will pay a 10% higher subsidy for projects incorporating European components.
In collaboration with GSE, a certificate has been developed to confirm that at least 60% of a module or its system components have been manufactured in Europe.
Gallium arsenide solar cells break SQ limits
Contrary to conventional ideas, researchers say they have demonstrated that the key to boosting solar cell efficiency is not in absorbing more photons, but emitting more photons.
Scientists in the U.S. Department of Energy (DOE)’s Lawrence Berkeley National Laboratory (Berkeley Lab) say their research has led to record-breaking sunlight-to-electricity conversion efficiencies in solar cells.
“A great solar cell also needs to be a great Light Emitting Diode,” says Eli Yablonovitch, the Berkeley Lab electrical engineer who led this research. “This is counter-intuitive. Why should a solar cell be emitting photons? What we demonstrated is that the better a solar cell is at emitting photons, the higher its voltage and the greater the efficiency it can produce.”
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www.compoundsemiconductor.net November/December 2011
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