Chinese PV Industry Brief: Xinte wants to increase polysilicon capacity to 100,000 metric tons

Polysilicon manufacturer Xinte Energy has announced a 12-month, RMB1.27 billion (US$197 million) plan to raise its polysilicon production capacity to 100,000 metric tons per year in Xinjiang. The TBEA-owned poly manufacturer stated, in its 2019 report, its annual production capacity was due to hit 80,000 with the addition of 36,000-tons worth of manufacturing lines in 2020. The company's latest annual report confirmed that extra production capacity had successfully been commissioned.

Solar module manufacturer Longi has signed a strategic cooperation agreement with oil and gas giant China Petroleum & Chemical Corporation Group (Sinopec) for the joint development of hydrogen, solar and renewable energies. The deal was signed by Longi board chairman, Li Zhenguo,  and Sinopec president, Zhang Yuzhuo.

Shareholders in glassmaker Flat Glass will vote, on May 20, on a proposal to invest RMB5.8 billion (US$889 million) in six PV glass production lines with a daily melting capacity of 2,400 tons. Under the proposal tabled by the board, RMB3.8 billion would be spent on four lines at Fengning Modern Industrial Park, in Fengyang county, Chuzhou, in Anhui province, and RMB2 billion would be invested in two lines at Xiuzhou district, in Jiaxing, Zhejiang.

Cell and module manufacturer Solargiga yesterday published unaudited first-quarter figures which showed shipments of ingots, wafers and modules rose 49% on the same period of last year, from 1 GW to 1.49 GW, raising revenue from production operations 27%, from RMB818 million to RMB1.04 billion. Revenue from the company’s solar project business more than quadrupled by the same comparison, from RMB2.8 million to RMB11.7 million.

Fuyao Glass reported an unaudited rise in first-quarter net profits, from the RMB380 million back in January-to-March last year to RMB813 million this time around, even after foreign exchange losses of RMB70.3 million in the opening three months of this year.

This copy was amended on 19/04/21 to indicate Xinte Energy is thought to have 80,000 tons of annual polysilicon production capacity, rather than the 66,000 previously stated.