Please enter keywords to search

Global |EN

Choose your country & Language

Asia Pacific

Australia & New Zealand
India
Indonesia
Korea
Malaysia
Philippines
Singapore
Singapore (Sunlight)
Vietnam

Middle East & Africa

CHINT-EGEMAC
Saudi Arabia
South Africa
UAE
CHINT AJLAN
Egypt
Kenya

Europe

France
Kazakhstan
Netherlands
Italy
Spain
Turkey
United Kingdom

North America

Mexico

Latin America

Brazil
Colombia
Ecuador
Peru

Choose your country & Language

Australia & New Zealand
India
Indonesia
Korea
Malaysia
Philippines
Singapore
Singapore (Sunlight)
Vietnam
CHINT-EGEMAC
Saudi Arabia
South Africa
UAE
CHINT AJLAN
Egypt
Kenya
France
Kazakhstan
Netherlands
Italy
Spain
Turkey
United Kingdom
Mexico
Brazil
Colombia
Ecuador
Peru

Please enter keywords to search

Your search term contains restricted words. Please use different keywords.

Six Factors for PV Cost Reduction and Efficiency Increase

SEP 26, 2021

The development of science and technology is inseparable from energy. Especially today, with the rapid development of science and technology, it has become a global consensus to vigorously develop renewable energy. The International Renewable Energy Agency (IRENA) aims at the development of renewable energy and believes that in 2050, the proportion of renewable energy power generation will reach 90%.

With the improvement of innovative technologies in the photovoltaic industry, photovoltaic cell modules, manufacturing and production, scale cost, raw material cost, and management cost have changed to varying degrees. Among them, the power generation efficiency of photovoltaic modules has increased from single digits to more than 20%, and the efficiency of the balance system has been continuously improving. The cost of photovoltaic power generation and non-silicon power generation has decreased to varying degrees.

Driven by the national “carbon peak and carbon neutralization”, how can enterprises reduce costs, increase efficiency and use electricity efficiently, help photovoltaic become the main energy, and build a green and intelligent world?

In the 21st century, the photovoltaic industry has entered the era of affordable Internet access. Photovoltaic enterprises need to pay attention to six key points, such as operation and maintenance cost, whole life power generation hours, high-efficiency inverter, high-efficiency module, high-efficiency battery, and system cost, in order to further reduce photovoltaic cost, improve power generation capacity and make existing photovoltaic power stations more efficient.

Operation and maintenance cost

Intelligent operation and maintenance are conducive to ensuring comprehensive power generation and reducing the labor cost of the power station, so as to promote the reduction of kWh cost.

Whole life power generation hours

  • With the innovation of technology and process and the comprehensive progress of component and system integration, the service life of the system can be extended to 30 years or even longer;
  • On the other hand, the weak light response of heterojunction and perovskite will increase the number of effective hours

High-efficiency inverter

High-efficiency inverters made of silicon carbide (SiC) and gallium nitride (GaN) can reduce the failure rate of passive components, packaging and installation cost, and the size of the inverter radiator (because GaN and SiC have excellent thermal conductivity).

High-efficiency module

Double-sided glass components or new packaging materials can effectively improve power generation.

High-efficiency battery

  • Passivated Emitter and Rear Cell (PERC)
  • Heterojunction Technology (HJT)
  • Industrial Battery and Charger (IBC)
  • Copper Indium Gallium Selenide (CIGS)
  • Perovskite Solar Cell (PSC)
  • Silicon Based Laminated Battery

System cost

  • Measures such as thinner diamond wire, large size, and lower power consumption of the drawbar will further reduce the material and energy costs of the components.
  • The battery efficiency is moving forward from 20% to30%. While reducing the cost of a single Watt, it dilutes the cost of land and non-material costs such as plant construction, support, electrical equipment, and management expenses.

In recent years, China has launched parity projects and bidding projects for the photovoltaic industry. Only by reducing costs and increasing efficiency can photovoltaic enterprises be competitive and stand out among many enterprises.

With the increasing demand for renewable energy in various countries, as a key factor in the development of new energy, it is certain that the photovoltaic industry will continue to rise in the future and become the main way to achieve the goal of “double carbon”.

The Latest
NOVEMBER 28, 2025 CHINT Accelerates Delivery of 5000A Main Switchboard for Cambodia Manufacturing Facility

CHINT delivers a fully assembled 5000A MSB for a Cambodia facility in just 10 weeks, achieving fast-track procurement, rapid assembly, and zero-rework performance.

NOVEMBER 26, 2025 Did you know - People at CHINT

Discover how CHINT’s people drive innovation, build strong teams, and power sustainable energy solutions worldwide through passion, expertise, and collaboration.

NOVEMBER 26, 2025 Did you know - CHINT continues to strengthen trust through solid governance, and rising ESG performance

CHINT strengthens global trust with certified excellence, improved ESG performance, and strong governance powered by diverse, empowered teams worldwide.

NOVEMBER 26, 2025 Did you know - CHINT makes sustainability part of everything we do

CHINT drives a greener future with eco-friendly energy solutions, smart low-carbon factories, and empowered global teams advancing sustainability worldwide.

NOVEMBER 20, 2025 Global Graphene Trends and the Future of the Industry

Global Graphene Innovation 2025: Breakthrough Achievements, Industry Trends, and the Future of Large-Scale Applications Unveiled in Wenzhou

NOVEMBER 3, 2025 CHINT First Three Quarters Report of 2025

CHINT 2025 Q3 report: $588.6M net profit, up 19.49%. Driving growth in digitalization, intelligence, and green energy solutions. Explore the full financial results.

NOVEMBER 3, 2025 CHINT Delivers Critical Power Transformers for ARUBA's IT3 Data Center Expansion in Italy

CHINT powers Italy's ARUBA IT3 data center with 132/15 kV transformers. Ensuring resilient, stable power for critical cloud infrastructure.

NOVEMBER 3, 2025 CHINT Q3 Product Express

Discover CHINT's new low-voltage products for smarter, safer & efficient power management. Includes RCBOs, VFDs, switchgear & free software.

OCTOBER 21, 2025 CHINT’s Cool Season Campaign: A Global Wave of Engagement and Innovation

Join CHINT's Cool Season Campaign for exclusive promotions, networking, and sustainability-driven activities, empowering electrical communities worldwide.

OCTOBER 21, 2025 Did you know CHINT?Inspiring Voices Behind Our Global Success

CHINT's strength lies in our diverse global family spanning 62 countries and regions, where every team member brings unique perspectives, skills, and cultures to drive innovation.