Maxwell Technology has secured orders for its heterojunction (HJT) solar cell production lines, while TBEA has agreed to sell 336,000 metric tons of polysilicon to JinkoSolar in the 2023-30 period.
China installed 37.73 GW of solar in the first seven months of this year, according to official estimates. JinkoSolar said it is struggling to cope with power rationing in Sichuan province, while Shunfeng said it expects to record a hefty net loss for the first half.
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.
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.
In other news, Shuangliang secured a large wafer deal from the Chint Group and Tongwei raised the prices of its solar cells.
Canadian Premium Sand and Hanwha sign an agreement for patterned solar glass manufactured in Manitoba.
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.
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.
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.
Longi has revealed plans to enter the inverter business through a partnership with Shenzhen Energy, while Solarspace has announced plans to open a 16 GW cell factory in Anhui province.
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