Panasonic Aims to Exit from Photovoltaic (PV) Module Manufacturing

The Japan-based PV module manufacturer, Panasonic, officially announced that they want to end its in-house PV wafer, cell, and module production by the end of the fiscal year 2022. However, Panasonic will continue their collaboration with third-party manufacturers under its brand in its home market.

Panasonic will continue its existing PV module manufacturing for the next 14 months. This decision was made based-on Panasonic’s planned structural reforms in its photovoltaic business. According to PV-magazine, this move comes after Panasonic walked away from a projected partnership with Chinese heterojunction module maker GS-Solar back in August 2020, which would have seen the Japanese company’s Malaysian operation transferred to the Chinese business and a photovoltaic R&D operation established by the two partners. Panasonic domestic staff have a huge fortune to be maintained and transferred to the other business areas of the company but Malaysian staff has not similar opportunities like Japanese.

Did you know? Solar Edition publishes Monthly the most efficient solar Panels list based on Power Density and Efficiency for 60 and 72 cells panels? Click here to learn more …

Source:@ PV-Magazine & @Solar_Edition
‘All rights to go to the author of the news & image as mentioned above’