China's Yanhe Solar has announced that is has signed an investment agreement with Changde City, Hunan Province, China, to establish a new perovskite material production base with a total investment of approximately RMB 1 billion ($137.91 million).
Founded in 2024, Yanhe Solar is said to have secured angel funding from several investors. The company claims breakthroughs in dry-process perovskite cell production with high repeatability and uniformity, achieving certified efficiencies of 18.17% for its 300 x 400 mm semi-transparent flexible modules and 24.1% for small-area flexible devices. Yanhe Solar says it has already completed a 10 MW perovskite cell production line and has received pre-orders worth nearly RMB 10 million ($1.379 million).
