After producing a record-breaking commercial solar panel efficiency of 15.6%, Suntech announced it's new commercially-produced panel has a 16.53% efficiency. This means that the solar panel is capable of converting 16.53% of the sunlight that hits the panel into electricity.
This efficiency was confirmed by Fraunhofer Institute in Germany. The increasing efficiency of solar panels with decreasing prices is what we can expect to see in the future.
According to the report, Suntech believes it will achieve 18% efficiency in the next two years. Through increasing efficiency of solar panels and decreasing cost, Suntech is hoping to continue a business model that brings clean, renewable energy to meet the world's ever-increasing demand.
Suntech Breaks Solar Efficiency Record
