China

At this year’s 2021 SNEC Expo, GCL System Integration, a part of the Golden Concord Group (hereinafter referred to as GCL), launched a series of new module products which echoed the horn of the returning of this old giant. The company suffered a lot on finance in past few years due to subsidy default from central government to its heavy PV plant assets. After a big sale of these PV plants since late 2018 to China state owned energy enterprises, the liabilities and financial costs was cut off greatly and, the company reloaded with no more burden and came back to the frontline again. pv magazine caught up with general manager Thomas Kun Zhang to see what’s in store for GCL going forward.

A series statements from China PV glass companies showed the entire PV glass industry benefited from the accelerated development of solar PV and achieved outstanding performances in the first half of 2021.

According to Asia Europe Clean Energy (Solar) Advisory Co. Ltd, demand for solar PV in China could “effortlessly” surpass 100 GW in 2022, following a year of “flat” demand in 2021. It adds that a “massive overcapacity” situation in the production sector is looming. Meanwhile, the distributed solar PV market is on track for huge growth, with potential for annual demand to reach upwards of 20 GW+ from next year.

The polysilicon maker, which is disposing of the solar farms managed by its New Energy business to pay down debt, is preparing to pay more than RMB1.2 billion to buy a minority stake in a subsidiary it already owns the rest of.

The Jinko Power unit of the solar manufacturer is planning a huge hybrid solar and wind project and China Energy Engineering is also making, slightly more modest, plans for generation capacity, as poly maker GCL continued its great PV project sell-off.

At this year’s SNEC event in Shanghai, China, pv magazine took the opportunity to talk with GoodWe founder and chairman, Daniel Huang. He outlined the key PV inverter trends he expects to see over the coming years and discusses growth from a domestic company to a multinational player with offices across the world. Overall, he abides by three key ingredients for business success.

The result was confirmed by Germany’s TÜV Rheinland and TÜV Nord.

The new polysilicon factory will be located in Leshan City and will be built thanks to an investment of $2.1 billion.

The latest product in the Vertex series from the Chinese manufacturer has an efficiency of 21.2%. It was designed for commercial rooftop projects.

State body the NEA has given its provincial offices until July 15th to suggest counties where a solar mandate – which rises to at least half of all government roofspace – can be rolled out. Selected companies will be awarded whole-county contracts.