Moreover, the Chint group said its PV plant fleet in China has reached a combined capacity of 6.54 GW and project developer China Shuifa Singyes said high polysilicon prices and Covid restrictions had caused a revenue drop.
In addition, JA Solar was able to ship 10 GW of modules in the first six months of the year and raise RMB5 billion for new production capacity.
China’s efforts to shift electricity generation from a coal-dominated system to a greener mix of renewables is not only centered on wind, solar and other technologies – the country is also rapidly pursuing energy storage. Vincent Shaw reports from Shanghai.
GokinSolar has commissioned the first 15 GW unit of its 50 GW PV wafer manufacturing facility in Zhuhai City, Guangdong Province and Golden Solar New Energy Technology last week announced commercial production plans for the flexible, lightweight, cast-mono, heterojuntion (HJT) solar modules. Meanwhile, Longi has raised the prices of its wafers.
Furthermore, Zhonghuan Semiconductor’s parent company has reported strong results for its PV business and solar developer Shunfeng has halted trading in its shares.
Canadian Solar also reports solid Q2 results, with PV shipments reaching 3.7 GW and revenue totaling US$1.43 billion.
Trina Solar is also looking to raise financing for its plans to increase PV cell and module capacity.
Xinte’s parent company – TBEA – has agreed to buy new shares issued by the company for RMB2.3 billion and these funds will be used to implement its 100,000 MT expansion plan. Furthermore, EVA solar film manufacturer Bbetter Century and 8 GW factory in the Shaanxi Province.
Maxwell Technology is planning to raise RMB2.3 billion (US$356 million) for a new HJT equipment production base in Suzhou City, Jiangsu province. Furthermore, Ginlong has reported its profits grew by more than 100% in the first half of the year.
There is also news of a 1.1 GW central inverter procurement contract, a pending IPO for solar cell player Runergy, and a $700 million-plus solar glass supply contract.
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