Crystalline solar market have been able to grow rapidly because of the ability to capitalize on demand for high efficiency products at low cost per watt. Strong research and development capabilities have enabled development of advanced process technologies and manufacturing economies. The company seeks to operate cost-effectively and on a large scale.
PV cells and modules with high conversion efficiencies are manufactured. Conversion efficiency rates measure the ability of PV products to convert sunlight into electricity. As of December 31, 2010, the average conversion efficiency rates of monocrystalline and multicrystalline silicon PV cells were 17.9% and 15.9%.
An international R&D team of leading solar PV scientists combined with China-based design, development and manufacturing facilities provide several competitive advantages, including access to low-cost engineering expertise, skilled labor and facilities. leverages cost advantages by optimizing the balance between automation and manual operations in manufacturing processes, which lowers operating costs and capital expenditures and enables expanding manufacturing capacity in a cost-effective manner.
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Manufacturers continuously evaluate and adjust a combination of automated and manual operations. Innovation in manufacturing processes is used to optimize the cost structure of crystalline solar panels while improving manufacturing yields and quality. In 2010, significantly increased aggregate manufacturing capacity was achieved by a number of vendors to meet strong global demand.
Companies in some cases were able to achieve adding 500 MW of silicon ingot and wafer capacity. Annualized aggregate PV cell manufacturing capacity reached 1,800 MW per annum for vendors.
The worldwide demand for energy is...