China

Norwegian consultancy DNV today published the latest of its annual surveys of the state of the energy transition and lamented the fact so very little has been achieved during the last five years. We are forging ahead into a world that will be 2.3C hotter this century, predicts the report.

Longi posted a net profit of $773 million in the first half of the year after shipping 17 GW of modules. Xinte reported a net result of $190 million and Solargiga saw its revenue increase significantly.

The solar farm owner is having to juggle creditors as it tries to drum up further interest in its assets despite a ‘lack of marketability.’

The solar farm development unit owned by the poly maker sold off 2 GW of photovoltaic generation capacity in China in the first six months of the year but has confirmed more sales lie ahead.

A 50 MW unsubsidized solar PV plant is being developed by Chinese mounting system provider Chiko Solar at a fishery in China’s Jiangxi Province.

Moreover, the Chint group said its PV plant fleet in China has reached a combined capacity of 6.54 GW and project developer China Shuifa Singyes said high polysilicon prices and Covid restrictions had caused a revenue drop.

Construction on the new factory is scheduled to begin by the end of the year and manufacturing activities should begin in 2023.

The Tiger Neo panel has a power conversion efficiency of up to 22.1% and a temperature coefficient is -0.30% per Celsius degree. The product is made with 182mm wafers, half-cut cells, and has a power output ranging from 590 to 620 W.

The 3 kW inverter has an efficiency of 95% and features a surge power of 9000 VA. According to the manufacturer, the device is compatible with mainstream lead-acid and lithium-ion batteries.

The proposed sale of seven solar farms in China will raise more than $80 million for the heavily indebted developer, which this morning confirmed trading in its stock had resumed after a nine-day hiatus.