A new photovoltaic (PV) paste plant is to be established in Wuxi, China by Samsung SDI in June 2016. Samsung SDI already has the highest market share in the product in China, which is the world's biggest photovoltaic market. With the new plant the company hopes to become the global leader.
In September last year Samsung SDI installed a polarized film production line and a paste production line. The paste production line has now been completed and will begin production at 40 tons per month, rising to 100 tons per month in the near future.
According to Business Wire, Samsung SDI's investment in the plant is likely to improve responsiveness to demand in China, where 70% of global photovoltaic modular makers are based. Samsung SDI is likely to use the new plant to expand its target markets to new Southeast Asian countries such as Thailand, Malaysia and India.
The plant opening was announced at the SNEC PV Power EXPO, held in Shanghai. Samsung SDI unveiled its 8800 Series at the exhibition. This is a product which delivers improved sunlight-to-electricity conversion efficient. Conversion efficiency of solar cells is currently around 18-20%.
Samsung SDI began its PV paste business in 2010 based on PDP electrode material technology. Market analyst New Energy Finance predicts the global PV market will grow by an annual average of 9% from 56GW in 2015 to 85GW in 2020. This will fuel growth in the markets for poly-silicon and PV paste, which are used to make solar cells.