Major merchant solar cell producer Aiko Solar may have increased first half year revenue 30% compared to the prior year period, but COVID-19 and solar cell average price declines, triggered by weak demand, sent net profits falling by 68% year-on-year.
Preliminary data compiled by PV Tech highlights an unprecedented level of solar industry capacity expansion plans having been announced in just the first quarter of 2020, easily surpassing any total annual plans in the history of the industry.
Aiko Solar has been celebrating its 10th anniversary in 2019 and has become the largest merchant solar cell producer in the last few years, focusing on high-efficiency cells, notably mono-PERC (Passivated Emitter Rear Cell] production, and is the first-tier producer of this cell type in 2018.
PV Tech has been covering analysis of R&D expenditures of PV manufacturers for over a decade. This blog anticipates some of the key trends set to be fully revealed in the forthcoming edition of technical journal Photovoltaics International.
Solar cell production in 2018 represented change on many fronts, but may be remembered as a year during which Chinese-owned companies made further strategic moves as part of the current Beijing mandate to position the country as a high-tech manufacturing global powerhouse.
China-based merchant solar cell producer Guangdong Aiko Solar Energy Technology Co (Aiko Solar) said that it had entered volume production of its P-type monocrystalline PERC (Passivated Emitter Rear Cell) solar cells with conversion efficiencies of 22%.
Much has been written and voiced over the past couple of months in the PV industry, following the so-called China-531 policy announcement that finally provided a wake-up call to Chinese manufacturers that their domestic end-market was not going to be allowed to maintain its near-exponential growth characteristics.
At Intersolar Europe 2018, PV Tech talked at length with Aiko Solar’s vice general manager Michael Ho, to gain an update on capacity expansions and strategy with its expanding range of PERC-based cells vis-a-vis the European market.
China-based merchant solar cell producer Guangdong Aiko Solar Energy Technology Co., Ltd (Aiko Solar) said it had achieved a production capacity of 4GW for PERC solar cells, while initially ramping its new production plant on schedule near Yiwu City, central Zhejiang province, China at the end of 2017.
Guangdong Aiko Solar Energy Technology Co., Ltd (Aiko Solar), merchant solar cell producer has launched a high-efficiency P-type mono-PERC (Passivated Emitter Rear Cell) bifacial solar cell with front-side cell efficiency >21% and rear-side >15%. The company showcased the bifacial cell at SNEC 2017.
The vast number of announcements related to P-type mono PERC (Passivated Emitter Rear Cell) production in the last 18 months have primarily related to integrated cell and module producers shifting in-house production to the high-efficiency cells, as conventional multicrystalline Al-BSF (Aluminium-Back Surface Field) solar cells reach efficiency limitations.