The latest, seven-project, 217 MW, $150 million project sell-off announced by the development business of polysilicon producer GCL-Poly means a lot will be at stake in the vote by its shareholders at an extraordinary general meeting in the new year.
Meanwhile, Chinese state-owned energy company State Power Investment Corporation (SPIC) has acquired a solar energy developer in Mexico and JA Solar has started construction on the second phase of its 20 GW ingot factory in Yunnan Province.
The debt-saddled GCL New Energy solar project business of the polysilicon manufacturer is aiming to sell off solar farms to transform into an ‘asset light’ operation.
The solar manufacturer’s impressive third-quarter gross margin is set to fall back in the current three-month window because global shortages have seen some material costs double since the world came out of Covid-19 shock.
The Chinese giant plans to further strengthen the supply chain for solar modules based on 210mm wafers by establishing joint ventures with its rival.
The Chinese giant has inked a 26-month deal with supplier Changzhou Almaden to purchase 85 million square meters of the material for its ultra high power Vertex products.
At a conference held in Shanghai last week, the three Tier-1 manufacturers explained that the entire Chinese PV industry will continue to adapt to the 182mm wafers over the next months.
Longi Solar had filed two lawsuits in China against the validity of two patents of the photovoltaic manufacturer from South Korea. Hanwha Q-Cells sees now a good chance of being successful in proceedings before the European Patent Office.
The in-country analyst has revised up its expectation for this year and says a healthy unsubsidized project pipeline will keep the numbers ticking over in 2021. The spending plans necessary to ramp up renewables targets in the next five-year plan, though, could put the nation on a collision course with the EU.
A pilot project in China was brought online this month, combining 10 MW of PV with electrolyzers for hydrogen production and carbon dioxide hydrogenation to synthesize methanol. The methanol is supplied to the chemical industry, or can be converted back into hydrogen for energy use. And the project’s creators say their next goal is scaling the project up to 10 or even 100 times its current size.
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