Chinese PV Industry Brief: Tongwei and Jinko team up, as NEA sets new 2030 targets
China’s National Energy Administration expects renewables to represent 40% of the nation’s energy consumption by 2030, and proposed new targets for local and regional government authorities. On the manufacturing side, Tongwei and JinkoSolar announced plans to deepen their strategic cooperation, and Huadian Group has launched its first tender this year for 7GW each of modules and inverters.
Tongwei and Jinko plan more wafer and poly production
The two solar companies have signed a strategic agreement to jointly finance new manufacturing facilities, Tongwei announced this morning.
GCL-Poly dilutes holding in developer business to raise funds
The poly maker yesterday secured approval from unpaid creditors to restructure the company’s debts and will commit the anticipated $115 million windfall from its shares placement towards its financial commitments.
Chinese PV Industry Brief: Increasing wafer prices and new glass and polysilicon orders
Zhonghuan and Longi raised the prices of their wafers before the Chinese New Year holiday. Longi also secured more polysilicon and glass through two different orders, with OCI Group and Flat Glass, respectively.
GCL-Poly shareholders sign up to debt restructuring plan
The holders of $500 million of unpaid senior notes which matured last month have agreed to receive 5% of the money now, plus a share of a $17.8 million fund, with the balance to be paid out in three years’ time.
Baotou City set for 10 GW of renewables
The tide of clean energy facilities planned under the city’s next five-year strategy was revealed by Hong Kong-listed polysilicon maker Xinte Energy, which has signed a framework agreement to construct 200,000 tons of manufacturing capacity near Inner Mongolia’s largest city.
Assessing the impact of large-wafer modules
Energy consultancy DNV GL has published new results comparing the performance of modules based on 166mm, 182mm and 210mm silicon cells. The assessment compares Trina Solar’s Vertex modules, which use the largest cell dimension, with unnamed competitors utilizing the other two sizes. Results from system simulations show a clear advantage for the two larger sizes, with 210mm edging ahead in terms of levelized cost of electricity.
Major inverter makers unveil products compatible with 210mm solar modules
Chinese solar module manufacturer Trina Solar has listed all inverter producers that in the past weeks have unveiled new devices or upgraded products for solar panels based on 210mm silicon wafers. Huawei, Sineng, Sungrow, SMA, GoodWe, Ginlong, and Kstar have all reportedly launched or are planning to launch centralized or string inverters that may better cope with bigger and more powerful panels.
Chinese PV Industry Brief: China could add 65 GW of solar this year as Longi order gives GCL-Poly a much-needed lift
State-owned power company SPIC is all set to contribute to the figures after announcing it wants to add 15 GW of renewables capacity during 2021 and China Glass, fresh from rebuffing Xinyi Glass’ takeover offer, is on the hunt for more manufacturing facilities.
Chinese PV Industry Brief: More wafer and polysilicon capacity and new suppy deals
Wuxi Autowell has begun construction on its 50 GW wafer factory in Guangdong province and Longi and Wuxi Shangji Automation have announced new supply deals. GCL-Poly has announced it will raise the production capacity of its factory in Jiangsu from 6,000 to 10,000 metric tons – despite the company suffering a cross-default at the weekend.
