Eging PV has signed a deal to build a 10 GW TOPCon solar module factory in Anhui province, while Tongwei has revealed plans to build a 25 GW cell factory in Jiangsu. Jolywood, meanwhile, has completed the first 4 GW phase of its 8 GW TOPCon cell factory in Shanxi province.
In other news, a Chinese consortium is planning to build a 10 GW heterojunction (HTJ) module factory in Sichuan and Risen Energy is seeking to raise around $1 billion through a private placement of shares to finance its 5 GW HTJ panel production.
The result, confirmed by Germany’s Institute for Solar Energy Research Hamelin (ISFH), was achieved on a heterojunction solar cell based on an M6 wafer.
Tongwei has secured a long-term polysilicon supply deal with JinkoSolar, while Chint, JA Solar, and JinkoSolar have agreed to supply their products for a 1 GW solar park now under development in the Sichuan province.
Huasun has agreed to supply 10 GW of heterojunction solar modules to Power China, while Zhonghuan Semiconductor has revealed price increases for all of its wafer products.
Energy policy in China’s Inner Mongolia region took a sharp turn on Aug. 30, when the authorities decided to terminate discounted power prices, effective immediately. The full impact of this shift remains to be seen.
Maxwell Technology has secured orders for its heterojunction (HJT) solar cell production lines, while TBEA has agreed to sell 336,000 metric tons of polysilicon to JinkoSolar in the 2023-30 period.
A number of Chinese PV companies – including Jinko Solar and Golden Solar – released their first-half earnings results this week.
JinkoSolar has predicted that polysilicon prices will peak before the end of September, while Risen, GoodWe, TBEA, and Ginlong have all reported strong first-half increases in revenue.
Average polysilicon prices hit CNY 312 ($45.47)/kg this week, according to an industry association in China. The nation’s Ministry of Industry and Information Technology, the State Administration for Market Regulation, and the National Energy Administration have also asked regional authorities to take action to deal with the price increase.
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