Solar supply, demand, and a foreign policy shakeup
As the solar market enters the busy season in September and October, module utilization rates are reaching 70% to 85%. However, structural shortages remain in the supply chain, with polysilicon supply running short in the face of high demand, writes PV InfoLink analyst Amy Fang. Prices, which were expected to stabilize, rose again in the second half. High module prices will cast a shadow on demand in the fourth quarter, prompting module manufacturers to postpone delivery for some orders from the second half into next year.
Reliance Industries acquires 100% stake in REC Group, plans new manufacturing bases
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.
Longi to supply PV modules to Beximco’s 200 MW Bangladeshi solar project
Chinese PV manufacturer Longi Solar has reportedly signed a deal to supply its HI-MO 5 series modules to Beximco Group’s 200 MW Teesta Solar Limited project. The EPC contractor has also been identified as a consortium comprising India’s Rays Power Infra Private Limited and Zetwerk Manufacturing Businesses Private Limited.
Reliance Industries’ new energy arm to acquire 40% stake in Sterling and Wilson Solar
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.
Purchasing modules in 2022 – What should be in your purchase contract?
Join this pv magazine Webinar for a discussion about what elements should be placed into a purchase agreement, from adequate quality requirements to emerging supply chain requirements, and what support you can get from an accredited inspection body to ensure high quality PV module manufacturing and delivery.
Chinese PV Industry Brief: New solar glass production lines and a new big wafer deal
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.
Jolywood unveils 700 W TOPCon PV module
The double-glass product has dimensions of 2,384 x 1,303 x 35 mm and a weight of 38 kg. It is based on the company’s n-type TOPCon 2.0 cell technology dubbed Niwa Max, which the manufacturer said reached efficiencies of up to 25.4% in the laboratory. The module’s efficiency ranges from 21.73 to 22.53%.
Risen showcases n-type solar panel with output of 700 W
The 210 mm module can reach a power output of up to 703.6 W and a power conversion efficiency of 23.08%. The result was confirmed by Germany’s TÜV SÜD.
Renewables system with 76% share of PV could halve Indian electricity costs by 2050
A new study by Lappeenranta-Lahti University of Technology and Wärtsilä explores the feasibility of a net-zero power system in India by 2050. It shows that an all-renewables system paired with flexible generation tech could improve the affordability of electricity, while ensuring the reliability of system operations.
Vanadium redox flow batteries with purported LCOS of $0.10/kWh
Singapore-based VFlowTech has secured funds to scale up manufacturing of its vanadium redox flow batteries. The company currently offers three modular products that can be scaled to multi-megawatt-hour systems.
