Chinese PV Industry Brief: Polysilicon prices continue to fall
The China Nonferrous Metals Industry Association (CNMIA) says that the average price of n-type polysilicon fell by 5% to 6% this week.
World’s largest compressed air energy storage project comes online in China
Zhongchu Guoneng Technology Co., Ltd. (ZCGN) has switched on the world’s largest compressed air energy storage project in China. The $207.8 million energy storage power station has a capacity of 300 MW/1,800 MWh and uses an underground salt cave.
Chinese PV Industry Brief: Tongwei gets $5.4 billion polysilicon order from Longi
Tongwei has agreed to provide more than 862,400 tons of polysilicon to Longi from 2024 to 2026.
Trina Solar records 65.21 GW of solar panel shipments for 2023
Trina Solar says its solar panel shipments reached 65.21 GW in 2023. The Chinese module maker achieved a turnover of $15.75 billion and a net profit of $768.2 million in fiscal 2023, with an annual module production capacity of 95 GW by the end of December.
Chinese PV Industry Brief: GDEP secures 118 MW of Trina panels for $0.12/W
Guangdong Electric Power Development (GDEP) has bought 118 MW of Trina Solar panels for $0.12/W. It says it will use the modules for several solar projects in China’s Shandong province.
Longi’s solar module shipments hit 67.5 GW in 2023
Longi recorded 67.5 GW of solar module shipments in 2023, according to its latest financial results. The Chinese module maker reported revenue of $17.9 billion and a net profit of $1.49 billion for the year.
Chinese PV Industry Brief: Tongwei, Canadian Solar, JA Solar report earnings
Tongwei, Canadian Solar, TCL Zhonghuan and JA Solar all reported significantly higher profits in 2023.
Chinese PV Industry Brief: GCL Technology posts 2023 revenue dip
GCL Technology says revenue and profits fell in 2023 due to losses on certain assets, higher financing costs, and an uptick in R&D spending.
Chinese PV Industry Brief: Arctech to build 3 GW factory in Saudi Arabia
Arctech says it plans to open a 3 GW tracker factory in Saudi Arabia. The tracker manufacturer says the facility in Jeddah will be designed to reach up to 10 GW of capacity.
JinkoSolar reports fire at PV module factory in China
Chinese module maker JinkoSolar says a fire broke out at its integrated module manufacturing facility in Taiyuan, China’s Shanxi province. It says the incident could affect its 2024 annual results.
