High-efficiency PV module producer and project developer SunPower has reached a production average cell conversion efficiency of 25% at its Fab 4 facility in the Philippines, the highest in the industry.
The company also highlighted in its earnings call to discuss fourth quarter and full-year 2016 results that its Fab 4 facility was expected to complete ramping to its nameplate capacity of 350MW in 2017.
SunPower’s management also said that it expected to spend around US$100 million in capital expenditures to upgrade its Fab 3 (800MW) solar cell facility in Malaysia to its next-generation N-type monocrystalline IBC (Interdigitated Back Contact) cell technology (X Series) that is being ramped at Fab 4. Total capex for 2017 was said to be around US$120 million.
R&D expenditures in 2017 would also be kept high, although actual figures were not disclosed in the call that would support its IBC cell development. R&D spend would also be allocated to further development of its different integrated installation systems for residential and commercial rooftop sectors and its utility-scale ground mount tracking system technology. The company spent US$99 million on R&D in 2015, the second highest in the industry to CdTe thin film producer, First Solar.
+Info and Source: https://goo.gl/rO472f