BYD is China’s biggest producer of Electric Vehicles and Lithium Ion batteries.The Company was made famous when Warren Buffet bought a 10% stake in the company,one of his biggest Foreign Investments.China has become the dominant leader in Solar Manufacturing from being an nobody in a short span of 5 years.Chinese producers are going to produce about 60% of the global supply this year led by companies like Solarfun,Trina Solar,Yingli Green and Suntech.BYD too has decided to throw its hat into the ring with a big bang investment.The company is planning to spend 22.5 Billion Yuan on Solar Energy over the next 5 years for which it has already secured financing.The company has started a 100 MW cell plant in the Shaanxi province and plans to expand to 5000 MW by 2015.BYD signed a $300 million polysilicon supply contract with LDK Solar (another Chinese solar producer).This is a huge supply contract considering the 2 year time frame.Though wafer and polysilicon prices have recently become slightly constrained recently,there is no scope for the massive shortages seen in 2008.
BYD Solar Panels Review
BYD Solar Panels are mostly sold in Europe and Australia as of now as the company does not have a global network unlike big solar panel companies like Suntech or Trina Solar.This is also the reason that BYD Solar Panels are one of the cheapest price solar panels being sold currently.This is also due to the status of BYD Solar Panels being considered Tier 2 which makes them lower priced in the market.BYD PV solar panels have a 10 year product warranty and 25 year performance warranty. UL, CE and ISO certified which is standard for the industry.BYD Solar Panels these days can be bought for as low as $1.2Watt.
BYD Sells Polycrystalline Solar Panels in the 215 to 240 Ranges besides shipping older 145 Watt Solar Panels as well.The specifications for BYD Solar Panels are quite standard with around 20 kg weight,60 Solar Cells,Aluminium Frames , 1P 65 certified junction boxes, a power/temp co-efficient of -0.47% and a tolerance of -3/+3% etc.BYD Solar Panels don’t have anything separating from the host of other solar panel brands in the market and it does not have a long manufacturing history as well.The only thing good about BYD Solar Panels is the low price and you can safely avoid it for other solar panels.BYD Solar Panels Efficiency is
BYD Solar Panels Comparison
Note the Chinese Solar Panel Prices at around $1.3/watt are the lowest in the world and are sold at a substantial discount to the European and American Solar Panels.These days Solar Panels are also being outsource to China by bigger companies in the West to take advantage of the low cost Chinese Solar Panels..The Prices of Solar Panels can fluctuate a lot depending on the global supply/demand and is currently at around $1.65/watt in 2011 beginning.However the prices have come down by around 20-30% .The costs of Chinese Solar Panels differs by different companies with the lowest Panel Producers being able to producer Solar Panels at around $1/watt.
Chinese Solar Panel Manufacturers
There are many Chinese Solar Panel Manufacturers as the costs of setting up a Solar Panel Plant is quite low at around $5 million for a basic solar module line.However there are only a few big Solar Panel Companies which have capacities running into hundreds of Megawatts per year.There are also a number of big State Owned (SOE) Chinese conglomerates that are entering the Solar Panel Industry.Here is a list of the Best Chinese manufacturers of Solar Panels
Read Review on Other Solar Panels