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The development of the PV industry is a continuous pursuit of the lowest levelized cost of electricity (LCOE), especially at the critical moment of global energy transition, reducing cost and improving efficiency in relation to PV modules has
become an important way to reduce LCOE, which is usually achieved in two ways: continuous improvement in the cells’ conversion efficiency and module power output and constant decrease in the cost per watt of PV modules.

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Source: JA SOLAR

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