TaiyangNews Releases TOP SOLAR MODULES Report: A Deep Dive into PV Panel Efficiency Trends

Solar technology news provider TaiyangNews releases its annual TOP SOLAR MODULES REPORT, an Overview of the World’s Highest Efficient Commercial Solar Panels. The best module efficiency reached groundbreaking 24%, up from 22.7% beginning of 2022. The industry’s trend to higher efficient solar panels is reflected in the rise of top products, which nearly tripled to 55 in the past 2 years. End Quote

Efficiency is a major factor influencing the performance and economics of solar PV systems.

(1888PressRelease) March 21, 2024 - Duesseldorf - TaiyangNews, a leading online news and information technology platform for news on the global solar energy industry, today released its annual TOP SOLAR MODULES report. This “Overview & Analysis of Highest Efficient Commercial Solar Panels” report delves into the critical role efficiency plays in solar panels, analyzing key findings from over 24 monthly online editions published during 2022 and 2023.

"Efficiency is a major factor influencing the performance and economics of solar PV systems," says Shravan Chunduri, Co-Author and Head of Technology at TaiyangNews. "Our latest TOP SOLAR MODULES report provides a detailed picture of the advancements made by the world’s leading manufacturers in pushing the boundaries of solar panel efficiency."

Key Findings:
• Significant Efficiency Gains: The report highlights a notable rise in efficiency, particularly in 2023, with the first module manufacturer cracking the 24% efficiency level for commercial solar panels.
• Cell Technology Advancements: All four major commercially-available solar cell technologies (back contact HJT, TOPCon, and PERC) saw improvements. Back Contact cell-based panels emerged as a standout, improving its top efficiency from 22.7% to an impressive 24%. HJT-based modules also exhibited substantial improvement, surpassing 0.8% absolute, while TOPCon and PERC demonstrated rather steady performance.
• Power Rating Trends: The report also explores the evolution of module power ratings. While the top power range (>600 W) remains stable, the mid-power segment (500 W-600 W) is gaining traction. Notably, HJT technology leads in high power outputs, with a commercial large-format module boasting the highest rating of 715 W.
• Company Performance: The report analyzes how different companies have progressed with efficiencies across various technologies. Summary tables detail the advancements achieved by each company featured in the TOP MODULES section.

New Efficiency Leaders Excellence Badge: In recognition of ongoing advancements, TaiyangNews has launched an annual EFFICIENCY LEADERS list. Module manufacturers featured in the top 10 of the Top Solar Modules list for at least 6 months of a calendar year can qualify for a badge of excellence. The companies to have secured it so far are: Aiko Solar, Huasun, JA Solar, Jinko Solar, LONGi, Risen Energy, Tongwei Solar, Trina Solar.

The TaiyangNews TOP SOLAR MODULES 2023 review report is a valuable resource for:
• Solar energy professionals seeking insights into the latest efficiency trends
• Investors, project developers and installers looking to evaluate high-quality solar panel options
• Module manufacturers aiming to benchmark their performance

Download the complete report here.

About TaiyangNews
TaiyangNews – All About Solar is a global online solar news platform with a focus on technology. We offer comprehensive coverage of market trends, technology advancements, and policy developments on our website and through regular free online conferences and reports, empowering our audience to make informed decisions in the ever-evolving solar energy landscape.

For media inquiries, please contact:
Meena Nair
Marketing Communications Manager

https://taiyangnews.info/top-solar-modules-2023/

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