Shenzhen S.C. invests in the commercialization of perovskite solar cells
Solar PV equipment provider Shenzhen S.C. has announced its plan to issue convertible bonds to raise up to 961 million RMB (around USD$134 million). The funds will be invested in manufacturing equipment for perovskite and perovskite tandem solar cells, aiming to advance the company’s position in the rapidly expanding market for these advanced solar technologies.
Shenzhen S.C. intends to use the raised funds to establish production facilities for perovskite and perovskite tandem solar cell equipment in Changzhou, Jiangsu province, China. The project is projected to take around 2.5 years to complete and will have an annual production capacity of 160 physical vapor deposition (PVD) equipment, 119 reactive plasma coating (RPC) equipment, and 60 vacuum evaporation coating (VEC) equipment.