Trina Solar (TSL) Introduces High-Efficiency Solar Modules
Zacks Investment Research | Oct 19, 2016 06:47AM ET
Photovoltaic modules producer Trina Solar Limited (NYSE:TSL) announced that it has developed a high-efficiency solar module. The new "Honey Plus" multicrystalline silicon (mc-Si) module contains 120 pieces of P-type mc-Si solar cells (156x78mm2) and has achieved a record aperture efficiency of 19.86%.
Research & Development
In the highly competitive solar space, Trina Solar has been consistently investing in research & development activities, resulting in the new and improved solar modules. The company announced the achievement of an efficiency record of 19.14% on a 1.515m2 aperture area in Apr 2015. The new solar modules have improved the previous efficiency conversion ratio by 3.8%.
During the second quarter of 2016, the company invested $11.7 million in research & development activities, reflecting an increase of 45.9% year over year. The ongoing expenditure on research activities will surely enable the company to develop products with even higher efficiency in the future.
Trina Solar is not the only operator in the solar industry engaged in the development of high-quality solar modules. First Solar Inc (NASDAQ:FSLR). Zacks Investment Research
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