Also, heterojunction module manufacturer Huasun has begun assembling production lines at its new 2GW factory and Trina Solar has agreed to buy 290 million wafers from Beijing Jingyuntong Technology.
Xinyi Solar has proposed a dividend for the second year running as it announced shareholders would bank net profits of $630 million despite rising materials and shipping costs last year.
US analyst Clean Energy Associates made some notable predictions in its Q4 survey of the world solar manufacturing market, including echoing predictions made elsewhere that the new polysilicon production capacity coming online now will help arrest the spike in solar panel prices.
China’s largest state-owned grid operator and power utility plans to deploy the world’s biggest battery fleet and almost quadruple its pumped hydro storage by 2030, thus supporting the nation’s switch to renewable energy sources.
In other news, Longi announced it further raised wafer prices and the China Photovoltaic Industry Association (CPIA) said the Chinese PV market may reach a size of up to 90 GW in 2022.
Panel maker Trina Solar and wafer manufacturing compatriot Shuangliang Eco-Energy have announced bumper profits from last year as polysilicon producer GCL ponders a rebrand.
The price of polysilicon last week reached its highest level since 2011 and, according to Chinese module manufacturer JinkoSolar, there are no visible signs that it could drop this year, as predicted by several analysts.
Shipping containers storing roughly 100MW of LONGi solar modules have been released, reports ROTH Capital Partners in an industry note, while Trina has had the vast majority of its detained product released, if not all of it entirely.
Conceived by scientists in China, the battery was built with a special hydrogel electrolyte made of polyacrylamide (PAM), zinc sulfate (ZnSO4), glycerol (GL), and acetonitrile (AN). The device showed high cycling stability of over 3,000 cycles, a high reversibility thanks to a Coulombic efficiency of up to 99.5%, and electrochemical performance of 185 mAh·g over 10,000 cycles.
In other news, Haiyuan Material (HYM) said it will commission its 600 MW heterojunction cell factory in July and Polysilicon supplier Daqo announced it is seeking to raise RMB11 billion ($1.74 billion) through a share private placement.
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