NovaSolar can make solar modules for 62 cents a watt once it enters high volume manufacturing with its existing technology, says CTO Gautam Ganguly. Power plants, meanwhile, will cost $1.40 a watt to erect. The low prices come from reducing the steel, aluminum, wires and the components that surround solar cells in a module.
Does history repeat itself? The investors and executives behind NovaSolar really hope not.The company says it has developed a process for producing amorphous silicon solar modules and building utility-scale power plants that it claims will essentially undercut any other vendor on the planet.
2011-10-20T13:00:00Remember The OptiSolar Debacle? They're Back as NovaSolar glassonweb.com