GCL and Canadian Solar provide further proof of the solar boom that is gathering pace around the world even as attention focuses on the Chinese market.
China General Nuclear Power Group is reportedly preparing to invest almost $2.5 billion into a huge solar project – plus 2 GW of wind turbines – in the autonomous province of Inner Mongolia. Local authorities say the massive project will be complete in 2021.
The mono giant has announced the latest aspect of a strategy to massively increase production capacity which is currently set to cost around $3.32 billion. Longi last week issued $710 million of new convertible bonds for investors.
The fact solar manufacturers in China are still aggressively expanding output illustrates the strength of global demand for PV even as hopes for a rebound in Chinese installations appear to have been groundless.
The world’s solar superpower added only 16 GW of new generation capacity up to the end of last month, according to the head of the main industry association. Short of a ten-week miracle, the annual capacity figure seems set for a second consecutive steep annual decline.
The four-year-old Hangzhou-based business says it already has a 20 MW perovskite module pilot line and is working on a mass production facility in the city of Quzhou.
The Chinese e-mobility company has been hammered since Beijing’s abrupt reduction of electric vehicle subsidies in the summer. Korean outfit LG Chem’s shipment volumes have gone in the opposite direction.
With the Chinese manufacturer claiming it has already hit 16% conversion efficiency on a large panel, a recent perovskite conference heard predictions the technology will make up the next generation of PV cells – provided it avoids the pitfalls experienced by thin-film devices.
The nation’s plan for grid-parity solar – brought forward to ease a mounting public PV subsidy debt burden – could be left in ruins by a newly-announced scheme to part liberalize the electricity price, itself motivated by a need to bail out financially stricken state-owned power companies.
The showpiece 3.6 GW Fengning county project which will offer grid services and back-up power at the 2022 Winter Olympics is part of a 31.15 GW construction pipeline of projects, many of which are set to come into service next year.
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