China Securities has revised its annual guidance for China, predicting up to 280 GW of new PV installations this year, while glass manufacturer Kibing and wafer maker HySolar revealed new solar investment plans.
Chinese module manufacturer JinkoSolar has recorded roughly $16.4 billion of revenue and a $1.06 billion net profit for 2023, with PV module shipments reaching 78.52 GW. Its module manufacturing capacity hit 110 GW at the end of December.
GameChange Solar, a US-based tracker supplier, has announced the construction of a 3 GW tracker factory in Saudi Arabia, with plans for potential expansion to 5 GW in the future.
China’s National Energy Administration (NEA) says the nation installed more than 47 GW of solar in the first three months of this year.
Huasun has signed two deals with Leascend Group, including a monocrystalline silicon wafer supply agreement, while GCL Technology has agreed to supply Longi Green Energy Technology with 425,000 tons of N-type granular silicon to the end of 2026.
The China Nonferrous Metals Industry Association (CNMIA) says that prices for n-type rod silicon fell 3.3% on a weekly basis to between CNY 55,000 ($7,600) and CNY 60,000 per ton this week. It reports that wafer prices also fell between 3.5% and 15.6% during the same period.
Seraphim says it will build a new 10 GW solar panel factory in two phases in Guangzhou, with an investment of CNY 6 billion ($829.6 million), while JA Solar has announced plans to construct a 5 GW panel factory in Inner Mongolia.
Chinese manufacturer Longi says that its new wafers offer a notable efficiency boost of approximately 0.1% across various cell technologies.
Datang has kicked off the procurement process for 16 GW of solar modules, including 13 GW of tunnel oxide passivated contact (TOPCon) panels, 2 GW of passivated emitter and rear cell (PERC) modules, and 1 GW of heterojunction products.
China’s National Energy Administration (NEA) and State Grid Corp. of China (SGCC) may ramp up PV curtailment to clear up space for new renewables projects that are struggling to obtain grid connections. Only up to 5% of PV output can currently be curtailed from solar plants, but the authorities are trying to decide whether to take a greater percentage of generation offline.