Global PV cell production grew to an impressive 37.2 GW in 2011, according to a market survey by PHOTON International - The Solar Power Magazine, for a 36-percent increase over the 27.4 GW produced in 2010.
But the annual survey also reveals a dramatic reduction in year-on-year growth. Compared to a record 120-percent jump in 2010, the 2011 cell output was the PV industry's lowest growth rate since a 34-percent increase in 2003. The survey also shows a continuation of Asian dominance, with six Chinese manufacturers in the top 10 - with Suntech Power in first place for the second year in a row - and two from Taiwan. For the first time since PHOTON International began surveying solar cell producers, the top 10 did not include any solar cell producers from Europe or Japan.
"The days of solar cell production in western countries are numbered," says Michael Schmela, editor-in-chief of PHOTON International. "Like other commodities, solar cell production will continue its rapid shift to low-labor-cost countries in Asia, especially China." In 2008, only 33 percent of solar cells were made in China, a share that grew to an impressive over 57 percent in 2011.
The MonoX, LG's most technologically advanced module, can produce up to 260 Watts of pure sun power. The MonoX delivers maximum efficiency while offering superior durability backed by 25 years of intense research and development far surpassing industry standards. The MonoX and all of LG Solar's photovoltaic modules are uniquely designed to offer the superior quality, field tested performance, durability and reliability customers the world over have come to expect. Our diverse product range consists of residential, commercial and utility-grade modules that come ready to perform.