Chinese PV Industry Brief: Daqo’s profits soar by 341%
Daqo posted record revenue of CNY 16.3 billion ($2.3 billion) in the first six months of 2022, while Datang Group announced plans to build 5.58 GW of PV plants in China this year.
Chinese PV Industry Brief: Polysilicon price remains flat
In other news, JinkoSolar is seeking to raise CNY 10 billion ($1.48 billion) to finance its capacity expansion plans and Trina Solar predicts strong profit growth for the first half of the year.
The PV industry needs 12 times more polysilicon production capacity by 2050
New research from the University of New South Wales (UNSW) predicts cumulative polysilicon demand of 46-87 Mt will be required to achieve 63.4 TW of PV installed by 2050.
Chinese PV Industry Brief: GCL Tech starts production at polysilicon fab in Leshan, Jolywood expands backsheet capacity
In other news, Shuangliang secured a large wafer deal from the Chint Group and Tongwei raised the prices of its solar cells.
Chinese PV Industry Brief: China may install up to 100 GW of solar this year
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.
Chinese PV Industry Brief: Solar glass capacity hits 64,000 MT per day
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.
Chinese PV Industry Brief: Solar manufacturers report strong financial performances
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.
Chinese PV Industry Brief: Trina starts building silicon-to-module factory, Jolywood opens TOPCon cell plant
Trina Solar has started building a silicon-to-module production base in Qinghai province, while Jolywood said it is now producing new TOPCon solar cells in Shanxi province. Tongwei, meanwhile, said it believes that its net profit soared in the first half.
One-third of global PV manufacturing capacity is at medium or high risk of bankruptcy, IEA says
A new report from the International Energy Agency stresses the importance of geographically diversifying the global PV supply chain. This would prevent supply chain vulnerability to bankruptcies and underinvestment.
No let-up in sight for polysilicon price hikes
A prominent analyst in China expects the price of the solar panel raw material to pass CNY 300 ($44.70) per kg soon and says the sky-high prices will continue at least through September.
