Boston, MA 05/27/2014 (wallstreetpr) – Manufacturer of photovoltaic module for solar energy, Yingli Green Energy Holding Co. Ltd. (ADR) (NYSE:YGE) announced that it has started trial production of silicon modules based on monocrystalline using MWT technology. The company believes that this is part of their mission to achieve affordable green energy to everyone.
MWT Technology
The company’s trial production of monocrystalline silicon models commenced with the technology of N-type Metal-Wrap-Through or N-MWT through the adoption of equipment supplied by Formula E, a provider of automated manufacturing line and photovoltaic technology and an Italian company.
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) believes that if it has to achieve its ambition of providing energy to all at an affordable price, then it is necessary for technological advancement, which will play a key role in cutting down the costs. The company disclosed that the latest innovation of MWT technology is the result of its team’s strong alliance with Formula E. The company is also looking towards optimizing further its manufacturing processes by shared efforts with some of the manufacturers of PV equipment, including Formula E.
The company revealed that its tactical relationship deal with Formula E has allowed them to produce innovative manufacturing equipment for applications of back contact in the N-WMT module production. Currently, the trial production is going on following the installation of equipment in one of its module workshops.
Cut Down Power Loss
Yingli Green Energy Holding views that the N-WMT technology would cut down the loss of power in the module encapsulation method besides improving efficiency of the cell through the reduction of metal applied to every solar cell that exposes surface areas of the solar cell to sunlight compared to the traditional monocrystalline technologies.
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) believes that this new technology opens a fresh age for PV industry and secures engaging results for end users. The alliance is expected to be a tactical one for its growth.
