Japan’s New Energy and Industrial Technology Development Organization and the European Commission said Tuesday they will jointly launch a project to develop concentrator solar cells.
Concentrator solar cells use lenses or mirrors to concentrate sunlight onto small areas of the solar cells. NEDO and the executive body of the European Union aims to achieve the highest solar cell conversion efficiency in the world.
It will be the first joint project under the Japan-EU Energy Technology Cooperation Agreement concluded in 2008.
The two sides hope to achieve practical use of the solar cells by 2025 and a market debut in 2030.
If the project succeeds, power generation costs will be cut dramatically because the size of solar cells will be reduced.