The nation produced 57% more solar cells in the first half of this year than in the same period a year earlier, according to a financial update from state-controlled manufacturer Luoyang Glass.
The German company will sell 70,000 tons of its product to the module maker over the course of a five-year contract.
Furthermore, Zhonghuan Semiconductor’s parent company has reported strong results for its PV business and solar developer Shunfeng has halted trading in its shares.
Trina Solar is also looking to raise financing for its plans to increase PV cell and module capacity.
The Munich-based chemical company was also able to significantly increase sales volumes for its polysilicon segment. In June, Wacker Chemie raised its forecast for the full year substantially.
Maxwell Technology is planning to raise RMB2.3 billion (US$356 million) for a new HJT equipment production base in Suzhou City, Jiangsu province. Furthermore, Ginlong has reported its profits grew by more than 100% in the first half of the year.
The latest update to the Photovoltaics Report produced by research organization the Fraunhofer ISE has offered up the usual slew of interesting stats on the state of solar across the continent.
According to the China Nonferrous Metals Association, polysilicon prices declined by around 1.4% last week. In other news, Gaoce announced another 20 GW PV wafer factory and Hareon Solar filed for bankruptcy.
The volume of new PV generation capacity added in the first half was higher than expected, given the rising input costs seen in recent months, but solar was nevertheless outpaced by new wind farms in the first six months of 2021.
Preliminary results were published for Solargiga, Zhonghuan Semiconductor, GCL System Integration, JYT Corporation and Akcome Tech.
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