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 week, Shuangliang Eco-Energy has signed a multi-year sales contract for delivery of its PV wafers to solar cell manufacturer Jiangsu Runergy, and Wuxi-based perovskite start-up UtmoLight Technology has won a Pre-A round investment of RMB 220 million from several private equity funds.
Luoyang Glass is planning to deploy two solar glass production lines with an annual capacity of 1,200 tons each and wafer maker Wuxi Shangji has secured a big supply agreement from Longsheng New Energy. Furthermore, Tongwei has reported increasing profits driven by its polysilicon business.
Unigreen Energy plans to open a 1.3 GW, vertically integrated factory in the Russian exclave of Kaliningrad on the Baltic Sea. Initially, the facility will have an annual module production capacity of around 500 MW.
Wind power specialist Mingyang Smart Energy has revealed plans to build a 5 GW heterojunction module factory in China’s Jiangsu province, while TBEA has said it intends to raise its majority stake in Xinte Energy from 62% to 67%.
The 2 GW plant is expected to be connected to a storage facility with a capacity of 300 MW/600 MWh. Elsewhere, manufacturers Longi, Jinko, Trina Solar and Chint were the winners of a 5.5 GW solar panel procurement tender held by the China Energy Investment Corporation.
Shuangliang Eco-Energy has agreed to buy a total of 134,950 MT of polysilicon from two different manufacturers. Furthermore, the Chint group said it wants to deploy another 3 GW of rooftop solar and PV InfoLinks reported on rising glass prices.
The manufacturer has raised the cost of all its products. Elsewhere, Xinyi is planning to deploy 5 GW of solar in Heilongjiang province and the China Electricity Council has reported the nation added 22 GW of solar in the first eight months of the year.
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