Canadian Solar has released its latest technology, ELPS solar cell technology. ELPS achieves up to 19.5 percent cell efficiency for the monocrystalline and up to 18 percent for polycrystalline cells. The new technology will be debuted at Intersolar Munich, 2011.

“With the new ELPS Cell technology we again managed to significantly lower the production cost per watt while at the same time increasing the energy efficiency. In addition, the new solar cells easily integrate with our existing production lines,” said Dr. Shawn Qu, Chairman and CEO of Canadian Solar.

The new ELPS solar cells will soon be in production and Canadian Solar expects to start shipping solar modules incorporating the new technology in the 4th Quarter of this year.