news digest ♦ Solar cumulative installed capacity respectively.
During 2006–2010 more than $11.6 billion deals have been completed in the global CPV market globally. As CPV is still an emerging technology there were approximately 46 private equity and venture financing deals during the period. Centure financing increased from $81m in 2006 to $189.2m in 2010. The major venture financing deals were $101m by HelioVolt Corporation, $130m by eSolar, $57m by Infinia, $77.6m by SolFocus and $129.4m by Amonix.
The research provides an understanding of the global CPV market and also provides market analysis of the US, Spain, China, Italy and Australia CPV markets. The research provides historical and forecast data to 2020 for installed capacity, power generation and cost trends. The report also details the installed capacity split by concentration (HCPV and LCPV), major countries and major players in the global CPV market. The report analyses renewable energy initiatives with policy framework in countries such as the US, Spain, China, Italy and Australia.
First Solar Receive New IEC Certification
First Solar, today announced that its advanced thin-film solar modules have received a new international certification confirming that the company’s technology can be used in a variety of operating conditions, including coastal environments.
First Solar’s photovoltaic (PV) modules have passed the International Electrotechnical Commission’s (IEC) 61701 salt mist corrosion test, which studies module performance in coastal environments characterized by corrosive salt mist. “This certification further demonstrates the robustness and versatility of First Solar’s PV technology,” said John Kufner, First Solar director of global module product management. “The data shows that our modules can be expected to produce clean electricity in coastal marine environments without any performance concerns.” The IEC 61701 accreditation applies to First Solar’s Series 3 modules. All First Solar modules
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www.compoundsemiconductor.net August/September 2011
are backed by a 25-year performance warranty and covered by an industry-leading, prefunded collection and recycling program.
First Solar Sets World Record for CdTe Solar PV Efficiency
First Solar has announced it set a new world record for cadmium-telluride photovoltaic solar cell efficiency, reaching 17.3 percent with a test cell constructed using commercial-scale manufacturing equipment and materials
The test cell’s performance, confirmed by the U.S. Department of Energy’s National Renewable Energy Lab (NREL), far surpassed the previous record of 16.7 percent set in 2001.
First Solar’s research and development group studies a PV test cell constructed using commercial-scale manufacturing equipment and materials. (Photo: Business Wire)
“This is a significant milestone that demonstrates the ongoing potential of our advanced thin- film technology,” said Dave Eaglesham, Chief Technology Officer at First Solar. “This leap forward in R&D supports our efficiency roadmap for our production modules and will recalibrate industry expectations for the long-term efficiency potential of CdTe technology.”
“This achievement is a direct result of our industry- leading investment in research and development and our commitment to continuous improvement,” said Rob Gillette, CEO of First Solar. “First Solar’s innovation in both module technology and balance of systems engineering continues to drive us closer to grid parity.”
The average efficiency of First Solar modules produced in the first quarter of 2011 was 11.7 percent, up from 11.1 percent a year earlier, and the company has recorded full-module efficiencies over 13.5 percent, with a 13.4 percent module confirmed by NREL. First Solar’s module efficiency roadmap sets a goal for production-module efficiencies of 13.5-14.5 percent by the end of 2014.
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