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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.
"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."
A huge leap has been made in the creation of high efficiency, cost effective solar power with the announcement of the world’s first material that absorbs the entire spectrum of sunlight (UV, visible, and infrared) from virtually any angle with near 100% efficiency.
A new type of reflective coating can make solar panels far more efficient, soaking up nearly all available sunlight from nearly any angle, U.S. researchers said on Monday.
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