On May 12, First Solar announced a total price of $ 80 million (560 million yuan). Acquisition of Evolar AB , a European perovskite company.
According to sources, First Solar paid the company $38 million up front and will pay up to $42 million more depending on certain technology milestones to be achieved in the future.
First Solar said the acquisition will accelerate the company's development of next-generation solar technology, including tandem devices .
In addition, First Solar is actively working with solar company SunPower to develop tandem thin film/silicon solar modules for the residential market, which cover CdTe (cadmium telluride thin film solar cells) on top of crystalline silicon cells to capture more solar energy. First Solar will be primarily responsible for producing the module, and SunPower will be the exclusive supplier to residential installers. "We expect that high-efficiency tandem solar modules will define the future," said
First Solar CEO Mark Widmar. "The acquisition complements First Solar's expertise in thin-film semiconductors, complementing CdTe's existing R & D stream.". We hope this will accelerate our R & D efforts to develop tandem technology. According to the
data, Evolar, located in Uppsala, Sweden, was founded in 2019 by senior people in the copper indium gallium selenide (CIGS) industry, and its existing team is composed of some of the most important thin film photovoltaic experts in Europe, dedicated to developing solutions. Includes manufacturing equipment to drive commercialization of tandem solar technology with perovskite films.
Over the past few years, Evolar has set several thin-film efficiency records, including the current CIGS research solar cell record of 23.6%. Its team has maintained close cooperation with leading European research institutions, including Uppsala University.
In the future, the company's existing 30 R & D personnel will work closely with a team of about 60 scientists at First & nbsp; Solar's Advanced Research Technology Center in Santa Clara, California, and a development team in Perrysburg, Ohio.
In recent years, First Solar has accelerated the pace of production expansion. In October
2022, First Solar announced that it would invest up to $370 million to build an innovation center in Perrysburg, Ohio, to accelerate product development and production in the field of advanced thin film photovoltaic technology. In February
2023, First Solar announced plans to open a third plant in Ohio in the first half of this year, in addition to investing $1.3 billion to expand its existing manufacturing scale in the state and build a fourth manufacturing plant in Alabama.
First Solar plans to achieve a module capacity target of 20GW by 2025.
Source: New Energy Micro News DataBM. Com Translation and Arrangement
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