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BYD Solar Panels (240w) Review and Comparison of Efficiency plus Specifications

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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

  1. Suntech – Suntech was  the world’s biggest producer of solar panels in 2010 and was one the first companies to set up operations in China.Its example was followed by a host of other Chinese companies.Suntech has been slow to expand compared to the fast growing small companies in China and has lost marketshare to them.It has started to vertically integrate in order to meet the low cost challenge from Trina and Yingli.Suntech makes one of the best quality Solar Panels in China.
  2. Yingli Green Energy – Yingli Green Energy is one of the oldest Chinese companies and is completely integrated from polysilicon.The company has been expanding rapidly and has one of the lowest cost structures in the industry.Yingli Green Energy has been sponsoring Football in Europe and has started a new line of high efficiency “Panda” Solar Panels.Yingli is the second biggest producer of Solar Panels in China
  3. Trina Solar – Trina Solar is one of the lowest cost manufacturers of Solar Panels in the World right now and also sells it at a very low price.This is the reason that the company in a span of few short years has managed to acquire a substantial  global marketshare.The prices the solar panels being sold are around $340 per 200 watt module.Trina Solar.Like Yingli and Suntech,Trina Solar Panels are one the best quality in China
  4. Hanwha Solar One – The Company which was recently acquired by South Korean Chemicals Giant Hanwha also makes one of the cheapest panels and sells it a very low price.The quality is also quite good and with strong parentage behind it,the solar panels made by the company.Again like Trina Solar,it has very low cost Chinese manufacturing capacity.The company was earlier known as Solarfun.
  5. Canadian Solar – The Company sells a wide variety of solar panels unlike other producers.The Solar Panel Selling Price is also quite cheap.The Company is headquartered in Canada with factories in China and Ontario.Canadian Solar is the 5th biggest producer of Solar Panels in China.
  6. LDK Solar – This is the biggest producer of solar wafers that are used by crystalline solar panels but is losing its No.1 position to GCL Poly.Is expanding rapidly into other parts of the solar supply chain and could break into top 10 solar panel producer in the next couple of years.LDK Solar is building a huge solar panel and cell production facility.It sells Solar Panels mostly to other Solar Panel Companies.
  7. Renesola – Very similar to LDK Solar in operations and structure,this Chinese company is the lowest cost producer of solar wafer producer in the world.It is expanding into other parts of the supply chain.Like LDK Solar,Renesola sells most of its Solar Panels under an OEM Contract
  8. Jinko Solar – Jinko Solar has shown the fastest growth rates in the Chinese Solar Panel Industry.The company is expanding again to become one of the Top 5 Solar Panel Producers in China.Jinko Solar like Trina and Yingli is vertically integrated and has one of the lowest cost solar panel production process.

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Abhishek Shah

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