Meanwhile, the China Photovoltaic Industry Association (CPIA) has confirmed that newly installed PV capacity for this year should be around 40 GW.
The 275,000 metric tons of annual polysilicon production facilities pushed out of the industry by the expansion of big Chinese producers is more than double the capacity lost in the last great poly market shake-out, between 2010 and 2013.
The tracker maker claims its product reduces the need for motors.
Hong Kong-listed solar company Irico New Energy is preparing to shunt its non solar glass business units into Chinese state-controlled parent Irico Group so it can treble its PV glass production capacity in 2024 with the help of a four-line, $108 million manufacturing facility.
IHS Markit released a white paper in which the analyst outfit shared some predictions for the power electronics market. First and foremost, inverters will become smarter, and after some power outages in key markets, these devices are gearing up to take on more grid stabilizing tasks, which hitherto had been reserved for synchronous generators.
Deli Glass announced on Monday that it would invest RMB2 billion ($303 million) in a new PV glass production facility with a daily capacity of 2,000 MT. Furthermore, a plan to transfer around 2 TWh of renewable energy power from China’s eastern provinces to Tibet was announced.
The company shipped a record 5.1 GW of modules in the July-to-September period and expects to hit up to 19 GW for the year, with ‘nearly 100%’ of its products likely to be based on monocrystalline technology in 2020.
Chinese state entities are now behind five phases of two separate sales deals which, if approved, will transfer more than 1.8 GW of solar generation capacity into public ownership.
BYD more than doubled November vehicle sales but posted a drop in January-to-November business. Xinyi Glass is looking to grow its assets, while GCL-Poly is raising capital.
The Chinese giant, which had a $40 billion stock price yesterday, has announced it shipped 20 GW of solar panels by Monday.
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