Jinko Power has moved forward with plans to list shares on the Shanghai Stock Exchange, while Trina Solar said that the China Securities Regulatory Commission has approved its application for its own initial public offering. Polysilicon producer Daqo, meanwhile, reported solid first-quarter results, and the organizer of the SNEC solar show changed the exhibition’s dates and location once again.
The world’s solar superpower saw the amount of new capacity added in the first three months of the year fall 24% from the same period of 2019 as 1.75 TWh of solar electricity was curtailed, but the National Energy Administration expects both statistics to improve as China exits the public health crisis.
Datang Group has launched a bidding process to procure 5.5 GW of PV modules and inverters for its own solar projects. The SNEC trade show in Shanghai has set new official dates, after being postponed in early April due to the Covid-19 pandemic. And Topray Solar is seeking to raise funds for a 200 MW solar project in Guangdong province.
China’s cumulative installed PV capacity topped 208 GW at the end of March, thanks to 3.95 GW of new projects completed in the first quarter. JinkoSolar and Longi both joined the 500 W-plus module race, with their new panels offering 580 W and 530 W of output, respectively. Ginlong, meanwhile, has revealed plans to raise funds to increase its annual inverter production capacity to 20 GW, and Xi’An Solar has claimed a 23.2% efficiency rate for its N-type TOPCon modules in mass production.
Longi has announced more cuts to wafer prices, while cell manufacturer Tongwei has started building the first phase of its 30 GW Jintang PV manufacturing base. Risen Energy has also released solid financials, while JA Solar has unveiled plans to start selling its 500 W-plus solar modules.
Three major Chinese PV manufacturers have announced capacity expansion plans over the past week. Chint also released its 2019 financial results, while Kstar unveiled a new inverter supply deal.
Longi and Sungrow both announced solid financial results last week. Module maker China Solar delayed the resumption of trading on the Hong Kong stock exchange, and polysilicon producer GCL-Poly unveiled plans to raise up to US$16.8 million by issuing shares. Coal miner Baofeng Energy, meanwhile, announced the construction of what it claims will be the world’s largest PV-powered hydrogen plant, and Seraphim and Lu’An Solar revealed that they will open a 5 GW PV panel factory in China’s Jiangsu province.
Baofeng Energy appears to be switching its focus to hydrogen production and says its new project will be powered by two 100 MW solar plants and will start producing 160 million cubic meters of hydrogen annually from next year.
With the introduction of guided feed-in prices for different types of electricity by China’s National Development and Reform Commission (NDRC), the world’s largest solar market has its PV subsidy policy finalized two months earlier than last year.
The SNEC PV Power Expo has been postponed due to the Covid-19 pandemic. The organizers of the event have said that the event will now take place in October 2020.
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