Researchers at NANYANG technical university , Singapore have successfully developed a new material that can be used to make cheap solar cells. one can estimate the drop in price of solar cells by the fact that the manufacturing cost of perovksite is five times less than the current solar cell materials. the material is so useful in the fact that it can successfully convert the light into electricity by day and emits light at night. now a days solar cells are widely used in power generation replacing the other ways of power generation. with the development of such a wonderful material the solar power would be available at low price.
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