The world’s biggest solar market is expected to add between 45 and 55 GW of new solar in 2021, the head of the China Photovoltaic Industry Association has revealed. Furthermore, Longi has further lowered its wafer prices and Xinyi Solar said it wants to build a new US$942 million solar glass factory in Yunnan Province.
Fuxing New Energy is building a wafer factory in Anhui Province and Tongwei is moving forward with its plan to increase polysilicon capacity to 430,000 metric tons by the end of 2023.
The solar manufacturer has lowered the prices of its PV wafers by up to 12.5%. In other news, Haiyuan Material (HYM) has begun deploying production lines at its 5 GW heterojunction PV module factory.
Furthermore, polysilicon manufacturer Daqo will increase investments in its plans to expand capacity and Canadian Solar closed a strategic co-operation agreement with battery giant CATL.
Furthermore, China’s National Energy Administration (NEA) said residential PV installations totaling 1.93 GW were deployed in October alone and Heterojunction (HJT) solar new entrant Golden Solar became strategic partner of Gold Stone Energy Co Ltd.
The Chint group has also agreed to sell a portfolio of distributed solar projects with a capacity of 493 MW.
Furthermore, DaSolar has unveiled a plan to build a 5 GW module factory in Fujian and Maxwell Technology said it will provide a 500 MW heterojunction solar cell production line to Anhui Huasun New Energy.
JSG has sold several ingot furnaces to Shuangliang Eco-Energy and Jinchen Machinery will provide Yingli with production equipment totaling 3.5 GW.
High polysilicon prices helped South Korean supplier OCI to achieve strong results in the third quarter. Tight supply and demand conditions will likely continue until the first half of 2022, the company said.
The worldwide solar boom is proving so profitable the polysilicon manufacturer is even thinking of turning to PV panels to power its manufacturing operations, rather than cheap coal.
This website uses cookies to anonymously count visitor numbers. View our privacy policy.
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.