Evolution Solar plans to establish a footprint in the Asian markets 
Technology currently exists for analyzing cost and performance of solar systems, developing parabolic trough technology for solar electricity generation, and developing advanced technologies such as concentrating photovoltaics (solar panels).
The Holy Grail for solar panel manufacturers is to engineer and commercially manufacture solar panels that can produce one watt of power for under a dollar, without subsidies, making solar energy generally cheaper than coal generation. Currently the best crystalline silicon solar panels sell for about $3.40 to $4.00 per watt.
Evolution Solar Corp. has entered into negotiations to acquire a Hong Kong corporation specializing in R&D and procurement. “Evolution Solar is planning to establish a footprint with the manufacturing capabilities in the Asian markets that can assist in the reduction in the manufacturing and procurement of materials in the heavy technology manufacturing providence of Shanghai, China,” said Robert Kaapke, President and CEO of Evolution Solar.
“We see our competitors trying to reduce the cost per watt by scaling up production or using less than industrial grade materials,” Mr. Kaapke explained. “We believe better engineering and technological innovations are the keys to delivering increasingly cost-effective solar panels.”
Industry analysis have predicted the cost per watt should decrease to $1 by 2010. First Solar is currently making solar modules that are twice as cost-effective as the industry standard, selling at $2.40 per watt.
According to AmTech, JA Solar Holdings Co., Ltd. reportedly met its production targets for 2008 and continues to be significantly over-procured in terms of raw materials supply for 2008 and 2009.
Related categories: Environmental technology Companies news Solar power and photovoltaics
