With three models of 500 W solar panels officially unveiled, here’s a look at what it means for the future of project development and the solar industry at large.
The solar giant shipped 14.2 GW of modules last year, up 33% on 2018 for the high-water mark of another year dominated by Chinese manufacturers.
The PV manufacturer announced the development of the new solar panels, which feature new M12 series monocrystalline wafers, at a conference on Thursday in the Chinese city of Ningbo. The 50-cell modules are actually slightly bigger than 72-cell designs with 156.75 mm wafers, it said.
Risen Energy has announced a 148 MW module order will be completed this month as the Ningbo-based company expects to ship almost 1 GW of product to the country this year.
The Chinese manufacturer is forging ahead with a new gigafactory despite a regulatory decision last year which halted its plans to raise a significant chunk of the costs by issuing convertible bonds. Risen expects to be back on the upswing when it confirms its first-half figures.
Since 2012, Kazakhstan has shown increased interest in its energy transition and put in place supportive regulations. The country lies in the path of China’s ‘One Belt, One Road’ initiative, which unlocks large-scale infrastructure investments.
Chinese manufacturers Risen Energy and LONGi have both announced conversion efficiency records for PERC cells as the twin quest to drive down costs and increase energy output shows no sign of abating.
Chinese high-efficiency cell maker claims its 2 GW production line is churning out double-sided – front and rear passivated – PERC cells with an average efficiency of more than 22.19%, and has promised further process-driven cost reductions.
Falling module prices could very well dramatically enhance the competitiveness of large-scale solar in Australia – pushing the price at which PV can be produced below the wholesale curve. Rystad Energy believes that with a 20-30% module price decline, as has been forecast, $60MWh utility scale solar could become the new reality.
Chinese PV cell and module manufacturer, Risen Energy announced yesterday that it has started the construction of a new module factory in Zhejiang province in eastern China. The factory is set to have a total capacity of 5 GW.
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