In other news, Zhonghuan Semiconductor announced it will begin selling 210 mm n-type wafers and the local government in Zhejiang Province said it wants to deploy another 12.4 GW of new PV by 2024.
Longi has revealed plans to build a new panel factory in Anhui province, China Huaneng Group has announced a 1.3 GW renewables project in Heilongjiang province, and JinkoSolar has issued a warning about rising polysilicon prices.
Meanwhile, Trina Solar has established a new branch for upstream operations and Longi has a officially changed its company name.
PV module exports surged in the first quarter, according to research firm PV InfoLink. Risen Energy, meanwhile, has just signed a $2.16 billion, long-term wafer supply deal with Shuangliang Eco-Energy.
In recent years, Longi has turned its attention to green hydrogen. Li Zhenguo, company founder and CEO, recently spoke to pv magazine about its strategic shift and how he believes that coupling this technology with solar PV will be the key to achieving carbon neutrality.
In other news, Longi reported increased revenue and a slight drop in profits for the full fiscal year 2021, and heterojunction (HJT) photovoltaics manufacturer Golden Solar has leased a 250 MW production line.
A Chinese industry group has reported rising polysilicon prices and supply chain problems ahead, but GCL Technology said this week that strong polysilicon and wafer prices were the reason its business performed strongly in 2021.
Tongwei also announced it wants to expand its solar cell capacity to 70 GW by the end of 2022 and 102 GW by the end of 2023.
Daqo announced its best quarterly financial results, with net profit reaching $535.8 million, while Sungrow saw its profit drop by 19%. Polysilicon manufacturer GCL-Poly changed its name to GCL Technology Holdings Limited and announced a plan to build another 100,000 MT polysilicon factory in Inner Mongolia in partnership with Zhonghuan Semiconductor.
Hoshine plans to expand PV glass production, while Tongwei is raising PV cell prices, with a particular focus on monocrystalline cells. Maxwell Technology has secured a 4.8 GW production line order from India’s Reliance Industries, while JA Solar has reported a net profit increase of 35% for 2021.
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