Talesun has announced plans to deploy 1 GW of new heterojunction solar cell production capacity, while rack manufacturer Akcome Technologies revealed plans to annually produce 2 GW of the same tech. Panda Green, meanwhile, has secured the exclusive rights to a 1 GW project featuring PV and photothermal generation.
Longi will build 600 MW of unsubsidized PV in Datong, Shanxi province. The Shanghai Development and Reform Commission, meanwhile, has unveiled new 2020-21 FITs. Yingli is undergoing restructuring, while Trina had a solid listing debut in Shanghai.
Risen Solar has unveiled plans for a 15 GW cell and module fab in Yiwu City, Zhejiang province and China South Glass is fundraising for a PV glass factory in Anhui province. Such growth, however, may be slowed by the introduction of new standards by the government.
The authorities in Beijing, concerned at ever greater solar production capacity announcements and oversupply fears, are preparing to introduce standards which would bring the recent mono Perc production explosion to a shuddering halt.
After managing to bear down on costs enough to compete with coal-fired generation, it appears solar developers in China now face a new hurdle to overcome – resistance from grid companies.
In the wake of Covid-19, IHS Markit lowered its solar forecast from 142 GW to 104 GW. Compared to the 125 GW of solar capacity installed in 2019, the forecast would mean a turnaround from 13.6% annual growth to a 15% contraction. The IHS Markit forecast is based on Covid-19 being controlled and market restrictions being gradually lifted in the second and third quarters of the year.
Daqo revealed it will list its main production unit in Shanghai, while Goodwe secured approval for its own plans to list shares. Cybrid Technologies, meanwhile, said it will ramp up production of polyolefin elastomer (POE) encapsulant films.
JinkoSolar has begun construction of a new 16 GW module production base in Yiwu city, Zhejiang province and Eging PV has resumed a 200 MW solar project in Qitai county in the Xinjiang Uygur Autonomous Region, after securing approval from local authorities. The China National Energy Administration has confirmed the nation can add no more than 48.45 GW of solar to the grid this year.
Cell manufacturer Aiko Solar is raising funds to increase its production capacity with 4.3 GW of new lines while Datang Corporation has inked a deal for a 1 GW desert project.
Sveck, China’s top supplier of EVA films for PV modules, has revealed plans to list shares in Shenzhen. China Guangdong Nuclear Power Corp. has selected Longi and EGing to respectively supply 238 MW and 112 MW of panels for its projects, with Longi also announcing wafer price cuts. Jincheng Machinery, meanwhile, has started raising funds to develop a new production line.
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