Pushing to stay one step ahead of rivals, First Solar today set a new mark for the efficiency of its solar panels.
The company said that it achieved 14.4 percent efficiency in converting sunlight to electric power for a panel in its research labs. At the individual solar-cell level, the efficiency is 17.3 percent. (Solar cells are assembled and linked together in a solar panel).
For solar-panel manufacturers, efficiency and production costs are the two primary levers to differentiate products. With the ramp-up of well-financed Chinese manufacturers, the price of solar panels has plummeted over the past three … Read more