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.
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.
Tongwei was followed by Aiko Solar, Runergy, Solar Space and Jietai Technology. The top five cell manufacturers supplied a total of 59 GW.
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.
The Chinese government has revealed that the nation’s solar glass capacity has reached 64,000 metric tons per day, while State Grid Corp. of China has announced plans to allocate CNY 26.07 billion ($4.3 billion) for solar incentives.
JA Solar, TCL Zhonghuan, GCL Tech, and Ganfeng Lithium all announced increasing profits and revenue. Meanwhile, JinkoSolar expands its hydrogen business and Xinte Energy secures another big polysilicon supply deal.
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