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.
The investment in perovskite and perovskite tandem solar cell manufacturing equipment is seen as a strategic move by Shenzhen S.C. to capitalize on the increasing interest in these technologies and gain a competitive edge in the PV market.
Shenzhen S.C. affirms its ability to supply megawatt-level production lines for perovskite and tandem solar cells. In recent years, the company has witnessed rising sales in equipment for large-area perovskite solar cells, all-perovskite tandem solar cells, and HJT/TOPCon perovskite tandem cells.
The company believes that perovskite solar cells hold immense market potential, both in terms of equipment and applications. However, the technology is still in the pilot production stage. Therefore, the implementation of this project will contribute to the maturation and scalability of the technology, enabling Shenzhen S.C. to seize market opportunities in the perovskite solar cell equipment sector.
