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A US-based company has successfully tested a revolutionary solar panel that is expected to cut the costs of photovoltaic solar power generation by more than 50 per cent, and herald a new era of improved efficiency and lower production costs of solar energy globally.

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"We are very proud to become the world's first PV solar company to achieve 1GW of solar cell and module production capacity," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "Since our inception, we have focused on rapidly building world-class manufacturing facilities that can meet the burgeoning global demand for green energy. This milestone is a credit to all Suntech employees that have tirelessly worked towards the common goal of making cost- effective solar energy systems available on a global scale."

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Entech Solar's ThermaVolt™ system is based on proprietary concentrating photovoltaic and thermal (CPVT) technology that simultaneously produces electricity and thermal energy. The ThermaVolt system’s ability to convert the sunlight into two useful energy forms enables the highest energy efficiencies in the industry. Learn more about CPVT technology here or by watching the ThermaVolt system video

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