India’s solar module manufacturing capacity on track to soar 400% in four years
Ratings agency Crisil estimates India will have 38-43GW of annual solar module manufacturing capacity by the end of March 2025. Production capacity will be driven by strong domestic demand, favorable government policy, raised module conversion efficiency, and price competitiveness, according to the ratings agency.
Update: Jinko says it did not reduce PV panel prices in the last quarter
The company today told pv magazine it did not reduce any of its PV module prices in the July-to-September period.
Tongwei and Jinko plan more wafer and poly production
The two solar companies have signed a strategic agreement to jointly finance new manufacturing facilities, Tongwei announced this morning.
Chinese PV Industry Brief: 350 MW wind-solar project, 200 MW of floating PV
Longyuan has revealed plans to build a 350 MW hybrid wind-solar plant in Shandong province. China Resources, meanwhile, said it will build 200 MW of floating solar in Hubei province.
Poly maker pulls out of wafer JV with semiconductor company
GCL-Poly has pulled its commitment to inject US$68m into a 30 GW production capacity wafer fab joint venture established with Tianjin Zhonghuan in the Chinese autonomous region of Inner Mongolia, citing a preference to focus on ‘more competitive products’.
The weekend read: Size matters
The latest development on the module front sees manufacturers adopting larger wafer sizes in order to reach the industry’s raised expectations for power output. Older “M2” wafers have been the standard in recent years but now appear to be on the way out. Several theories about optimal size are gaining ground, but the future direction of the standard is still far from clear.
China’s PV policy change led to Daqo’s wafer exit
The 31/5 PV policy change in China led to Daqo New Energy Corp.’s exit from the wafer manufacturing business. Around 450 employees are set to be made redundant.
Daqo stops wafer production
Daqo New Energy Corp. has announced plans to stop its wafer manufacturing operations this month. It instead intends to focus solely on polysilicon production. Challenging market conditions were cited as the reason.
JA Solar secures $68 million loan for equipment at 1.5 GW Vietnam wafer fab
Chinese manufacturer, JA Solar has secured a long-term buyer credit loan facility worth US$68.4 million for the procurement of equipment for its 1.5 GW wafer facility in Vietnam.
