China’s solar industry rebounded in 2023 after years of pandemic-related sluggishness. As the year draws to a close, pv magazine looks back at key highlights of 2023 and considers the prospects for 2024.
From zero to hero in 20 years, China’s PV industry has undergone an extraordinary journey. Vincent Shaw considers the reasons for the nation’s solar success and the challenges ahead.
Longi, JA Solar and Yingli have agreed to collectively supply 1.05 GW of solar panels to China Southern Power Grid, while Daqo New Energy has secured board for a planned $700 million share repurchase program.
The two brands announced a strategic project at the SNEC solar conference and trade show which will see the establishment of trading and big data centers to help roll-out PV in China.
Huanghe Hydropower Development has commissioned 2.2 GW of PV capacity in China’s remote Qinghai province. Yingli, meanwhile, has started to build a new 5 GW solar module factory in Hebei province.
Plus, panel maker Risen began construction of a 15 GW cell and module factory in Yiwu, in the central Zhejiang province of eastern China.
A filing made to the Securities and Exchange Commission today has confirmed holders of stock in Yingli Green Energy Holding Co Ltd will be left empty-handed some time around the end of the month.
The court responsible for appointing an administrator to restructure the debt-laden Chinese business has rolled all six units into one administration, according to an SEC filing made today.
PV manufacturers unable to live with proposed new quality guidelines and project developers alike are set to be squeezed out by the state in the world’s biggest solar market, according to Frank Haugwitz, who has compiled a market update as preparations for the next five-year plan gather pace.
The Chinese solar panel making division of the debt-saddled company appears likely to be broken up after admitting creditors will take controlling stakes in its business units following the successful petition of a court in Hebei province.
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