Eging PV has signed a deal to build a 10 GW TOPCon solar module factory in Anhui province, while Tongwei has revealed plans to build a 25 GW cell factory in Jiangsu. Jolywood, meanwhile, has completed the first 4 GW phase of its 8 GW TOPCon cell factory in Shanxi province.
In other news, a Chinese consortium is planning to build a 10 GW heterojunction (HTJ) module factory in Sichuan and Risen Energy is seeking to raise around $1 billion through a private placement of shares to finance its 5 GW HTJ panel production.
A 3 GW solar installation will be built in the Tengger Desert, in China’s Ningxia Hui region. It will require an investment of around CNY 15.25 billion ($2.2 billion).
Huasun has agreed to supply 10 GW of heterojunction solar modules to Power China, while Zhonghuan Semiconductor has revealed price increases for all of its wafer products.
Maxwell Technology has secured orders for its heterojunction (HJT) solar cell production lines, while TBEA has agreed to sell 336,000 metric tons of polysilicon to JinkoSolar in the 2023-30 period.
JinkoSolar has predicted that polysilicon prices will peak before the end of September, while Risen, GoodWe, TBEA, and Ginlong have all reported strong first-half increases in revenue.
China installed 37.73 GW of solar in the first seven months of this year, according to official estimates. JinkoSolar said it is struggling to cope with power rationing in Sichuan province, while Shunfeng said it expects to record a hefty net loss for the first half.
Daqo posted record revenue of CNY 16.3 billion ($2.3 billion) in the first six months of 2022, while Datang Group announced plans to build 5.58 GW of PV plants in China this year.
In other news, Shuangliang secured a large wafer deal from the Chint Group and Tongwei raised the prices of its solar cells.
The country added more than 30 GW of new PV capacity in the first half of 2022 and its cumulative installed solar power reached 340 GW at the end of June.
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