Solar ♦ news digest
We look forward to supporting ISRO on its next phase of telecommunications and earth observation satellites.”
TSMC Solar CIGS cells hit 15.7 percent efficiency
The firm says its commercial-size modules (1.09 square metres) have set a new CIGS efficiency record 15.7 percent
TSMC Solar has confirmed by TUV SUD that its latest commercial-sized (1.09 m2) CIGS champion module has achieved 15.7 percent module total area efficiency.
Ascent Solar secures $6 million boost from Asian investor
The CIGS solar cell manufacturer intends to use part of the cash to fund expansion of its retail channels for its EnerPlex products in the US, Europe and Asia
Ascent Solar Technologies, a manufacturer of flexible thin-film PV modules, integrated into its new EnerPlex series of consumer products, has signed an agreement to raise $6 million through a private placement to a private investor in Asia.
In the private placement, the company will issue (i) shares of Series A Preferred Stock convertible, at a conversion price of $0.80 per share, into 7,500,000 shares of common stock and (ii) warrants with a three year term to acquire 2,625,000 shares of common stock at a cash exercise price of $0.90 per share.
TSMC Solar facility in Taiwan
The new champion module improves on TSMC Solar’s previous 15.1 percent world record set in January this year. The module was produced using the current manufacturing equipment and materials at the company’s manufacturing facility in Taichung, Taiwan.
“Our new champion module not only pushed our efficiency record up by 0.6 percent points in just 4 months, but also achieved a record temperature coefficient of -0.26 percent/degree Celsius, showing our continued ability to improve our process technology,” says Ying-Chen Chao, President of TSMC Solar.
TSMC Solar also announced the introduction of its new TS-CIGS Series Model C1 module with nameplate power spanning 140W - 155W. The UL and TUV SUD certified module has an improved temperature coefficient of -0.31 percent/degree Celsius and has passed both the Blowing Sand Test based on IEC 60068-2-68 and the Salt Mist Ed.2 test.
“Our Model C1 modules deliver improved energy yield and reliability in high-temperature and desert environments and prove our ability to bring record- setting process improvements to market,” adds Stephen McKenery, TSMC Solar Worldwide Sales Head.
The private placement will be funded in three tranches, with the initial $1 million tranche to be closed this week. The remaining two tranches are expected to fund after a registration statement to be filed by the Company relating to the private placement securities is declared effective by the Securities and Exchange Commission.
Ascent intends to use the proceeds of the offering to fund the continued expansion of its retail channels for its EnerPlex products in the US, Europe and Asia, brand building, as well as the launch of additional products for EnerPlex product line expansion.
Victor Lee, Ascent’s President & CEO says, “We are pleased to have secured this additional funding, particularly from a private investor whom appreciates and shares the long term vision of the company. This is truly a vote of confidence in our continued paradigm shift and strategy for growth.”
The securities offered in the private placement have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.
This notice is issued pursuant to Rule 135c under the Securities Act and does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws
July 2013
www.compoundsemiconductor.net 139
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