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.
The Chinese manufacturer has not revealed the price of its new ‘ultra-high power’ products, nor whether the power output claims associated with them have been independently verified, but claimed the 78-piece module in the series could generate ‘very close to 600 W.’
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.
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