Risen will sell 50,000 metric tons of poly to Shangji Automation and Zhonghuan Semiconductor has raised the prices of all its wafer products.
The solar industry faced headwinds in March, writes Jesse Pichel of Roth Capital Partners, thanks to rising interest rates and, in California, concerns over increasing grid access fees. Despite this, the recent earnings season reveals strong fundamentals and a healthy outlook for most players.
In the month of February, the solar industry witnessed a decline, writes Jesse Pichel of ROTH Capital Partners. Increasing prices throughout the supply chain and forced labor concerns from China spelled headwinds for the solar industry, but the decline can also be viewed as a healthy correction, following historic highs in January.
The US Solar Energy Industry Association in late 2020 launched a campaign against forced labor and said it was “strongly encouraging” member companies to adjust their supply chains by June. Here is what will likely happen.
Wuxi Autowell has begun construction on its 50 GW wafer factory in Guangdong province and Longi and Wuxi Shangji Automation have announced new supply deals. GCL-Poly has announced it will raise the production capacity of its factory in Jiangsu from 6,000 to 10,000 metric tons – despite the company suffering a cross-default at the weekend.
Module maker Risen has agreed to buy 34 GW of solar glass from Flat Glass Group (FGG). Both Trina and Goodwee announced strong profit growth for 2020.
Huawei has strengthened its technology partnership with Chint, while TBEA is planning an IPO for its polysilicon unit Xinte Energy. Furthermore, glass manufacturers keep acting to overcome current bottleneck.
Trina Solar is spearheading an effort to standardize 210mm silicon wafers and modules, aiming to improve production efficiency, supply chain optimization and innovation.
Longi and Tongwei have both seen changes in ownership in recent days. Meanwhile, Maxwell Technology has unveiled a plan to build a heterojunction cell factory Jiangsu Province and the Henan Group has entered PV glass and module production.
And Risen has agreed to buy 2.25 billion wafers from monocrystalline wafer manufacturer Wuxi Shangji Automation, while Trina has cornered another 30,000-ton slice of the global polysilicon market.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.