Furthermore, TBEA has announced a plan to invest in four solar power plants and Flat Glass has agreed to acquire two quartz mines.
The input costs of the two biggest contributors to solar plant development expense have gone through the roof since the world began to come out of Covid-19 lockdowns, to leave project developers with some difficult choices.
Elsewhere, cell maker Aikosolar has announced two major wafer purchase agreements with manufacturers Shuangliang and Shangji, and Zhonghuan Semiconductor has reported solid financials for the third quarter.
Luoyang Glass is planning to deploy two solar glass production lines with an annual capacity of 1,200 tons each and wafer maker Wuxi Shangji has secured a big supply agreement from Longsheng New Energy. Furthermore, Tongwei has reported increasing profits driven by its polysilicon business.
German scientists have assessed demand for resources such as glass and silver until 2100 and have found that current tech learning rates could be sufficient to avoid supply concerns.
The manufacturer has raised the cost of all its products. Elsewhere, Xinyi is planning to deploy 5 GW of solar in Heilongjiang province and the China Electricity Council has reported the nation added 22 GW of solar in the first eight months of the year.
China Green Development Group is building a giant project consisting of 3 GW of photovoltaics and 300 MW of concentrating solar power. The plant is scheduled for completion in 2025 and is part of China’s 14th five-year plan.
AntaiSolar has secured a 400 MW contract from Ningxia Jiayang Energy and Longi has raised the prices of all its wafers. Elsewhere, GCL New Energy has announced the sale of another 198 MW of project capacity.
Furthermore, Tongwei has raised the prices of its solar cells and Comtec Solar announced it wants to sell its idled Shanghai and Hainan factories.
Longi posted a net profit of $773 million in the first half of the year after shipping 17 GW of modules. Xinte reported a net result of $190 million and Solargiga saw its revenue increase significantly.
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