French-German cooperation confirms competitive advantage of European photovoltaic industry
A new world record for the direct conversion of sunlight into electricity has been established. The multi-junction solar cell converts 46% of the solar light into electrical energy and was developed by Soitec and CEA-Leti, France, together with the Fraunhofer Institute for Solar Energy Systems ISE, Germany. Multi-junction cells are used in concentrator photovoltaic (CPV) systems to produce low-cost electricity in photovoltaic power plants, in regions with a large amount of direct solar radiation. It is the cooperation’s second world record within one year, after the one previously announced in September 2013, and clearly demonstrates the strong competitiveness of the European photovoltaic research and industry.