China Three Gorges Group has announced its latest PV module procurement results, while GCL-Si has revealed plans to raise CNY 5.8 billion ($812.9 million) via a private placement to finance its expansion.
China’s National Energy Administration (NEA) says the nation installed 78.42 GW of solar in the first six months of this year, bringing it to nearly 470 GW of cumulative installed PV capacity by the end of June.
CHN Energy has signed a deal to build 1 GW of offshore floating PV in China’s Shandong province, while JA Solar has announced plans to raise around CNY 9 billion ($1.3 billion) to support capacity expansion.
Tongwei says it will build a new 16 GW solar cell factory in Meishan City, China’s Sichuan province.
The China Photovoltaic Industry Association has released new data indicating ongoing expansion in Chinese solar exports, while Aiko Solar has scrapped plans to issue Global Depositary Receipts (GDRs) on the SIX Swiss Exchange.
The German police arrested a Chinese citizen at Munich Airport last week, prior to the start of the Intersolar Europe trade fair. Investigators are targeting the detained individual for allegedly evading anti-subsidy and anti-dumping duties imposed on PV products in the European Union prior to September 2018, a lawyer told pv magazine.
Zonergy has developed a 2.5 kWh lithium iron phosphate (LFP) battery system featuring an inverter with an output ranging from 8 kW to 15 kW. It says four to 16 modules can be combined for between 10 kWh and 40 kWh of energy storage capacity.
China reached 380 GW cumulative installed PV capacity at the end of April, according to new figures from the National Energy Administration (NEA).
Longi said today it cut the prices of its wafer products by 30% and Trina announced it will build a 25 GW monocrystalline ingot factory in the Sichuan province. Furthermore, the National Bureau of Statistics (NBS) revealed that the Chinese PV industry produced 39.92 GW of solar cells in April, and Datang Group unveiled the results of a tender to procure 8 GW of solar panels.
The world’s largest solar event has expanded to accommodate the remarkable growth of China’s PV industry, which remains unfazed by future oversupply and international competition. Analysts and market players say Chinese PV demand could reach 130 GW.
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