Solar Manufacturer Tandem PV Secures 1 Billion Dollars in Orders as Next Generation Panels Hit Market
Santa Clara, Thursday, 13 August 2026.
Tandem PV has secured nearly $1 billion in preliminary orders for its highly efficient perovskite-silicon solar panels, which are scheduled to begin commercial sales later in 2026.
Securing Capital and Market Entry
Tandem PV has announced the securing of nearly $1 billion in Letter of Intent (LOI) agreements for its next-generation four-terminal perovskite-silicon solar modules [1]. Scheduled to go on sale later in 2026, these high-efficiency panels represent a significant commercial inflection point for the renewable energy sector [1]. The company shipped its first production-quality panel on 29 July 2026, marking a transition from development to revenue-generating sales [1]. Revenue-generating sales are expected to commence later in 2026, following the completion of initial pilot deployments [1].
Manufacturing Expansion and Acquisition
In a strategic move to secure supply chain control, Tandem PV acquired nexTC Corporation on 12 August 2026 [2]. The Oregon-based developer specializes in advanced thin-film metal oxide coating processes, which are critical for module durability and efficiency [2]. This acquisition integrates nexTC’s intellectual property into Tandem PV’s Fremont, California demonstration factory, which features an annual nameplate capacity of approximately 40 MW [2]. The company intends to scale manufacturing to a 50 GW facility capacity using off-the-shelf equipment sourced from the semiconductor industry [1].
Global Market Trajectory
The global Perovskite Solar Cells Market is estimated at USD 810.6 million in 2026, with a projected market size of USD 32.44 billion by 2033 [4]. This growth reflects a compound annual growth rate (CAGR) of 69.4% during the 2026-2033 period [4]. The projected increase in market value from 2026 to 2033 can be represented as 3901.974 [4]. This rapid expansion indicates strong investor confidence in lightweight, high-efficiency photovoltaic technologies capable of complementing conventional silicon solar cells [4].