Glass maker Flat Glass wants to add 7,200 MT of new glass capacity spread across six new production lines and panel manufacturer Eging PV started construction of a new PV panel factory with an annual capacity of 5 GW.
Also, heterojunction module manufacturer Huasun has begun assembling production lines at its new 2GW factory and Trina Solar has agreed to buy 290 million wafers from Beijing Jingyuntong Technology.
In other news, Longi announced it further raised wafer prices and the China Photovoltaic Industry Association (CPIA) said the Chinese PV market may reach a size of up to 90 GW in 2022.
Panel maker Trina Solar and wafer manufacturing compatriot Shuangliang Eco-Energy have announced bumper profits from last year as polysilicon producer GCL ponders a rebrand.
Hoshine will invest $2.75 billion in the new polysilicon factory. Elsewhere, Irico New Energy today announced a strategic co-operation agreement with PV manufacturer Jinko Solar that will see it prioritize supply of solar panel glass.
The solar panel glass manufacturer expects strong growth in demand for its products at home and abroad with a significant rise expected in the production of PV modules in the USA and Europe.
In other news, Longi raised funds to build another 18 GW of solar cell capacity and Suntech began work on its 10 GW module factory in Anhui Province.
Furthermore, Solar manufacturer JinkoSolar was listed on Wednesday on the Shanghai Stock Exchange (SSE) and Zhonghuan Semiconductor said it expects a 286% growth in profits for 2021.
According to PVInfolink, the top 10 solar manufacturers accounted for over 160GW of shipments or a global market share of 90% in 2021.
The National Energy Administration (NEA) reported this week that the newly installed PV capacity for the Chinese market reached around 53 GW last year. Of this capacity, around 29 GW comes from distributed generation projects. The country’s cumulative installed power reached 306 GW at the end of December.
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