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.
Moreover, the Chint group said its PV plant fleet in China has reached a combined capacity of 6.54 GW and project developer China Shuifa Singyes said high polysilicon prices and Covid restrictions had caused a revenue drop.
In addition, JA Solar was able to ship 10 GW of modules in the first six months of the year and raise RMB5 billion for new production capacity.
GokinSolar has commissioned the first 15 GW unit of its 50 GW PV wafer manufacturing facility in Zhuhai City, Guangdong Province and Golden Solar New Energy Technology last week announced commercial production plans for the flexible, lightweight, cast-mono, heterojuntion (HJT) solar modules. Meanwhile, Longi has raised the prices of its wafers.
Furthermore, Zhonghuan Semiconductor’s parent company has reported strong results for its PV business and solar developer Shunfeng has halted trading in its shares.
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.
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