Modules & Upstream Manufacturing

This week, Shuangliang Eco-Energy has signed a multi-year sales contract for delivery of its PV wafers to solar cell manufacturer Jiangsu Runergy, and Wuxi-based perovskite start-up UtmoLight Technology has won a Pre-A round investment of RMB 220 million from several private equity funds.

The Vietnamese solar manufacturer presented its new half-cut monocrystalline PERC PV module at last week’s Intersolar Europe. It features an efficiency of 21.38% efficiency and maximum power output of 605 W.

Reliance New Energy Solar, a subsidiary of Reliance Industries led by billionaire Mukesh Ambani, which is planning a huge manufacturing venture in Gujarat, India, has led a series C financing round in German wafer manufacturer NexWafe with an investment of EUR 25 million ($29 million). This marks the third major investment in renewables announced by the Indian multinational this week.

Manufacturing giant JinkoSolar has set another world record for n-type solar cell efficiencies with its TOPCon technology, this time pushing to 25.4%. The new world record was confirmed by JET laboratories in Japan, and surpasses JinkoSolar’s previous record of 25.25% set back in May.

China’s president has detailed plans to accelerate the planning and construction of large-scale wind and PV projects in desert areas, while Wuxi Shanghai announced new granular silicon and nano-silicon production capacity expansions.

PV module prices are at a level we have not seen since last fall – a fact that is mainly down to very high transport costs for container shipments. This is an insight that was shared in this column last month. This month, we discuss whether and how bolstering local value creation through European cell and module production could lead to an end of dependence on Asia and break the upward cost spiral. But first, let’s have a look at the current price trends.

India headquartered multinational Reliance Industries, through its subsidiary Reliance New Energy Solar Limited, yesterday announced the acquisition of Norway headquartered module manufacturer REC Group. The move comes as Reliance pushes forward with its US$10 billion plan to move in on the renewable energy industry, having also this week announced acquisition of a 40% share in EPC provider Sterling & Wilson.

The acquisition gives Reliance New Energy Solar access to Sterling and Wilson Solar’s PV plant engineering and project management skills as it aspires to become a global leader in green energy based on the latest and most cost-competitive technologies and development capabilities.

Half-cut solar cells have quickly grown to become an industry standard, promising more power through reduced cell-to-module losses, among other advantages. Innovative processes have been introduced to reduce cell damage during the actual cutting process, but even these still leave behind an unpassivated area at the edge of the cell, which can result in performance losses. As cell efficiencies increase, this will only become more of a problem. pv magazine examines the possible solutions.

Luoyang Glass is planning to deploy two solar glass production lines with an annual capacity of 1,200 tons each and wafer maker Wuxi Shangji has secured a big supply agreement from Longsheng New Energy. Furthermore, Tongwei has reported increasing profits driven by its polysilicon business.