JA Solar is expected to put another 3.5GW of cell capacity into operation by the end of June and Hong Kong-based IDG Energy Investment will venture into cell manufacturing by establishing a “foreign invested” project company.
Furthermore, Solar manufacturer JinkoSolar was listed on Wednesday on the Shanghai Stock Exchange (SSE) and Zhonghuan Semiconductor said it expects a 286% growth in profits for 2021.
According to PVInfolink, the top 10 solar manufacturers accounted for over 160GW of shipments or a global market share of 90% in 2021.
The National Energy Administration (NEA) reported this week that the newly installed PV capacity for the Chinese market reached around 53 GW last year. Of this capacity, around 29 GW comes from distributed generation projects. The country’s cumulative installed power reached 306 GW at the end of December.
Furthermore, Tongwei secured 104,800,000 wafers from Shuangliang and PV module manufacturer Yingli said its capacity has reached 8GW.
Jiangxi Jinko plans to issue 2 billion shares at RMB5.00 per share and expects to raise net proceeds of around RMB 10.0 million. Solar manufacturer Solargiga said it expects a 17% revenue growth for 2021.
Solar manufacturer JinkoSolar announced on Wednesday that its 8 GW TOPCon cell factory in the Anhui Province has started manufacturing activities. Polysilicon supplier and solar cell maker Tongwei announced on Thursday it expects to achieve a net profit of up to RMB 8.5 billion ($1.33 billion) with a YoY increase of around 136%.
The energy company will buy panels from JinkoSolar, Risen Energy, Canadian Solar, JA Solar, GCL Integration and Longi. Elsewhere, Xinyi Solar and Golden Solar have both announced new transactions to strengthen their business.
Solar manufacturer Zhonghuan Semiconductor has further decreased the prices of most of its PV wafers, while Beijing-based project developer Jingneng Clean Energy Co., Ltd (JNCEC) announced on Wednesday that its board has approved an investment plan for the construction of a 1GW renewable energy project in Inner Mongolia.
The lithium-ion battery producer began manufacturing activities at its new factory in Ningde city, Fujian Province. Aiko Solar has also secured 4,515,000,000 wafers for the next three years through three different supply deals.
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