The two Chinese companies will acquire 30% shares in each other’s respective wafer and silicon businesses and plan to purchase at least 75% of each other’s future output, as part of a complex mutual investment arrangement announced ahead of the SNEC PV Power Expo 2019.
Chinese PV manufacturer Trina Solar today announced it has achieved a new efficiency record of 24.58% for a cell based on n-type monocrystalline TOPCon technology. The record has been confirmed by the ISFH CalTeC laboratory in Germany. Meanwhile, fellow giant Canadian Solar also hit a new milestone with its cast mono technology, reaching 22.28% conversion efficiency on a 157mm² wafer.
While the world’s biggest solar manufacturers are confident there are plenty of alternative markets for a rising volume of panel exports, the message spelled out by first-quarter shipment figures is that protectionism works.
The solar manufacturer has revealed plans to invest around $875 million in production capacity for monocrystalline ingots, wafers and cells – and expects to raise a chunk of the cost with a shares issue this week.
Projects not encompassed by the new, central-subsidy-free, ‘grid-parity’ regime will be eligible to bid for a government subsidy. But, at a reported $446 million, the pot is not very big.
The capital city of pollution-blighted Zhejiang province has announced an ambitious clean air policy in the wake of Beijing’s call for local governments, big lenders and power companies to pull out the stops to restart the solar revolution.
Sources have told pv magazine the authorities are ready to restart the nation’s residential rooftop segment and have also agreed upon subsidy payments for other distributed generation and utility-scale projects.
Central subsidies may have been cut back but the domestic market rebounded quickly and overseas shipments soared on the back of rising production volumes and ever cheaper module prices.
Beijing has outlined a series of policies mandating local and provincial authorities, state-owned banks and grid operators to pull out the stops to drive the rapid escalation of subsidy-free PV projects. The announcement has seen Chinese solar stocks on the rise.
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