The solar investment group will likely swing back to the black from a net loss of roughly 98.9 million yuan ($14.4 million) in the 12 months to December 31, 2015.
The Chinese PV giant claims the project will be “the world’s largest solar canopy.”
Jolywood (Suzhou) Sunwatt will produce n-type monocrystalline bifacial solar cells at the plant in Taizhou, just to the north of Shanghai in China’s Jiangsu province.
Beijing Enterprises Clean Energy (BECE) has signed a development agreement with the authorities in Weishan county, Shandong province, to build the solar project in the city of Jining.
The Norwegian silicon producer increased its fourth quarter revenues by $30 million on Q3, and forecasts rising demand for polysilicon in China ahead of the country’s July FIT decrease.
The Dutch science-based company has announced plans to expand its product portfolio for solar, with the acquisition of China based Suzhou SunShine New Materials Technology (Sunshine), a manufacturer of PV backsheets.
The solar investment group’s cumulative installed capacity in the country hit 1.15GW at the end of December, up from 950.3 MW in late June 2016, according to a statement to the Hong Kong stock exchange.
The company’s Phase 3A facility in China’s Xinjiang is now up and running, and should reach full production capacity of 18,000 metric tons of polysilicon the first quarter of the year.
European Commission VP Frans Timmermans says new 18 month tariff period proposal will be put to the 28 EU Member States later this month. SolarPower Europe says move goes in right direction, but could go further.
Sharp uptick in polysilicon imports into China between October and November last year point to repeat of 2016’s first-half solar surge, suggests analysis by Bernreuter Research.
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