China Sunergy’s New Solar Cells Achieve Over 20% Conversion Efficiency
It may not be a record, but it’s still impressive as China Sunergy (CSUN :NASDAQ) announced today it has reached an energy conversion rate of 20.26 percent on its new generation of high-efficient, mono-crystalline solar cells as certified by the Franhofer Institute for Solar Energy Systems ISE.
Mass commercial production of the cells will commence by the end of this year.
These new cells surpass the 20 percent mono-crystalline cells conversion efficiency benchmark mandated by the eight development guidelines issued by the State Council for China’s photovoltaic industry in July 2013.
Exceeding 20 percent helps push China Sunergy towards one of the key components of the winning formula for the solar industry of higher efficiency cells at affordable prices. China Sunergy did not release any details on pricing.
Investors certainly understand the significance of this announcement as shares of China Sunergy were up 3.16 percent in early afternoon trading.