Chinese PV Industry Brief

Xinte’s parent company – TBEA – has agreed to buy new shares issued by the company for RMB2.3 billion and these funds will be used to implement its 100,000 MT expansion plan. Furthermore, EVA solar film manufacturer Bbetter Century and 8 GW factory in the Shaanxi Province.

Maxwell Technology is planning to raise RMB2.3 billion (US$356 million) for a new HJT equipment production base in Suzhou City, Jiangsu province. Furthermore, Ginlong has reported its profits grew by more than 100% in the first half of the year.

According to the China Nonferrous Metals Association, polysilicon prices declined by around 1.4% last week. In other news, Gaoce announced another 20 GW PV wafer factory and Hareon Solar filed for bankruptcy.

Also, Wafer producer Zhonghuan Semiconductor has further reduced the prices of its products.

Preliminary results were published for Solargiga, Zhonghuan Semiconductor, GCL System Integration, JYT Corporation and Akcome Tech.

The new polysilicon factory will be located in Leshan City and will be built thanks to an investment of $2.1 billion.

Manufacturer Golden Glass is planning to set up a 1.2 GW heterojunction cell and module production line in Jiangsu province and Trina Solar and China Petrochemical Corp will work to reduce the carbon footprint of the latter’s gasoline stations.

Triumph Group is planning to build a $1.71 billion PV glass factory in Suqian City, Jiangsu Province. Longi has maintained unchanged the prices of its wafers for July.

Furthermore, Aikosolar is seeking funds to build two solar cell factories totaling 16.5 GW, and China Huaneng Group (CHN) wants to deploy a 2 GW plant including agrivoltaics, floating PV and solar facilities built on fishponds.

Furthermore, Zhonghuan Semiconductor has slightly reduced its wafer prices, while Longi has maintained them unchanged. Flat Glass is raising funds to support the construction of a new glass factory with a total annual capacity of 750,000 metric tons.