CHINA PV NEWS Update-Week 13/14
Our weekly China PV News Overview provides select stories on solar developments in the world's largest PV market, which have been published on?TaiyangNews - All About Solar?over the course of the past 7 days. If you are interested in weekly solar updates on China, please subscribe. For our global daily newsletter, check our website https://taiyangnews.info/
BUSINESS
Supply / Cells & Modules
Trina & Al-Raebi partner for module supply in Yemen:?Chinese solar module manufacturer Trina Solar announced that it has entered into a 5-year partnership deal along with Al-Raebi for Trading (Al-Raebi) to supply 500 MW module shipments to Yememi market. Al-Raebi is Trina Solar’s authorized distributor in Yemen. This comes close to the heels of Trina Solar completing 40 MW n-type module deal last year. As per the new partnership, in 2023, Trina Solar will supply Al-Raebi with 100 MW of Vertex N modules. The newly upgraded Vertex N series brings module efficiency to as high as 22.4%, with power reaching 605 W and 695 W for residential, C&I PV applications and utility settings. It was in October 2022 that Trina had presented its new Vertex N solar module for the C&I and utility scale segment (see?New Trina Solar Vertex N Modules Launched). Recnetly, Trina Solar present details about the company’s n-type i-TOPCon solar products at a TaiyangNews Conference (see?Jerry Cao, Trina: Trina’s n-Type Solar Product).
Trina Solar Vertex S+ module reaches Australia:?In an announcement, global PV and smart energy total solution provider Trina Solar said that NEG9R.28, its latest Vertex S+ module has arrived in Australia. With an efficiency touching 22% and a maximum output power of 440 W, the n type dual-glass module is lightweight and flexible enough to cater to both residential and commercial and industrial (“C&I”) rooftop requirements. Keeping the specifics of residential rooftops in Australia, Trina Solar designed the latest Vertex S+ NEG9R.28 module to be compact and lightweight. It measures just below 2m2 and 21.1kg. This is so that the modules can easily fit and be installed in a wide range of scenarios. To add to this, the NEG9R.28 has a short circuit current of less than 10.7A, and is compatible with the majority of commonly used inverters on the market. In Febraury 2023, Trina Solar released Vertex S+ as the upgraded version of its Vertex solar module series (see?Trina Solar Touts 22.3% Efficiency For Vertex S+ Module).
Supply / Wafer Processing Materials
DIALINE New Material signs RMB 920 million supply deal:?Electroplated diamond wire seller, DIALINE New Material,?announced?that it has partnered with a well-known but unidentified Chinese photovoltaic company. Both companies signed an electroplating diamond wire long term supply agreement amounting to about RMB 920 million. The contract period is for about 2 years.
Production / Cells & Modules
Construction begins for JA Solar’s Dongtai facility:?Solar PV panel manufacturer JA Solar said via WeChat that its facility in Dongtai, which includes 10 GW high-efficiency cells, 10 GW high-efficiency modules, photovoltaic auxiliary materials, and photovoltaic power stations has begun construction. The first module production line and the first cell production line are expected to be put into operation respectively by July and October this year. The facility, the company said, will adopt the most advanced technology, intelligent equipment and green low-carbon system and will produce a new generation of n-type high-efficiency products. These products will be then supplied to the global market.
JinkoSolar’s PV cell-module facility begins construction: Module supplier JinkoSolar’s said via WeChat that construction has begun for its high-efficiency solar cell module facility in Yuhuan city. Spread across 1,700 mu and with an investment of RMB 8 billion ($1.1 billion), the facility will produce 10 GW high-efficiency solar cells and 30 GW high-efficiency solar modules. On completion, the annual output value is expected to touch RMB 72 billion ($10.4 billion). JinkoSolar had taken part in the recent TaiyangNews’ Solar & Sustainability Conference, where its head of sustainability, Lin Sun, participated in the executive panel discussing 'Solar & Sustainability - More to do than most think?' (see panel recording here).
DAS Solar Jingshan base produces first module:?Over a WeChat communication, Chinese solar PV module and cell supplier DAS Solar said that its Jingshan facility has produced its first high-efficiency module. Spread across 600 mu, the facility will have a 10 GW n-type photovoltaic module and a 2 GW photovoltaic cell production line and supporting facilities. The construction of the facility had begun in November 2022, and the first batch of equipment entered the site in March 3, 2023. The second phase of the facility will see the construction of six PV module production lines and four photovoltaic cell production lines. Once the second phase is completed and the facility put into production, the annual output value is expected to touch RMB 20 billion ($2.9 billion).
Femi produces first high-efficiency solar module:?Femi announced via WeChat that it has produced its first solar module. This marks the launch of the company’s new energy production capacity. Femi managed to complete the production equipment processing, assembly line installation, and commissioning of the first 500 MW photovoltaic module automatic packaging line in 3 months.?R&D company Shiny Electronic Technology is an investor in Femi.
JinkoSolar gets approval to build 1 GW module line in US:?Local media reports said that the Jiangxi Provincial Development and Reform Commission has approved the filing of JinkoSolar’s investment in a new solar module production line in the United States. The production line will have a capacity of 1 GW. At the recent TaiyangNews Conference on Solar & Sustainability, JinkoSolar’s Global Product Solution Manager, Roy Bi, talked about Sustainable Modules Made By World Leading Solar Module Manufacturer. To watch his presentation recording,?click here.
Production / Cells & Modules / TOPCon
Trina Huai’an facility produces first module:?Chinese solar module manufacturer Trina Solar announced via WeChat that its Huai’an 10 GW Vertex 210+n facility has produced the first module. Currently in its first phase, the facility adopts n-type i-TOPCon cell technology, which is a new generation of advanced photovoltaic technology with supposedly the largest mass production scale in the market. This technology will further amplify the leading edge of its 210 Vertex product technology platform. The modules produced are Vertex n-type 695 W, which integrate the core advantages of high power, high efficiency, high power generation, high reliability and low cost of electricity.?In February, Trina Solar had released Vertex S+ as the upgraded version of its Vertex solar module series (see?Trina Solar Touts 22.3% Efficiency For Vertex S+ Module).
Jinenu Solar produces its first TOPCon module: Over a WeChat communication, customized producer of photovoltaic modules, Jinenu Solar, said that its Tai’an Base has successfully produced its first TOPCon module. Spread across 149 mu and with a total investment of RMB 1.1 billion, the Tai’an base has a TOPCon OEM production line, which is considered to have the largest production capacity in Shandong Province. The annual production capacity of the Tai’an base for high-efficiency photovoltaic modules is pegged at 3.5 GW.
HDHM to build 10 GW n-type high-efficiency cell facility:?Port handling equipment company HDHM?announced?that it plans to invest in a 10 GW high-efficiency solar cell facility in Jiangsu Peixian Economic Development Zone. With an investment of about RMB 2 billion ($0.29 billion) in fixed assets, the facility will have a production capacity of 3.5+6.5GW 182/210mm large-size TOPCon and HJT cells.
领英推荐
Quality & Efficiency
?JinkoSolar’s n-TOPCon yield gain touches 5.21%:?Module supplier JinkoSolar announced that its client Datang Huayin Electric Power had recently released a comparison power generation data collected from its 200 MW facility Loudi, Hunan. The outdoor field gain yield of n-TOPCon is about 5.21% compared to the conventional p-type products, according to the company. This is higher than its theoretical benchmark of 3%. With higher efficiency, higher bifacial factor, and higher energy generation, combined with lower degradation, lower temperature coefficient, lower BOS and LCOE, n-type TOPCon cells and modules are rapidly overtaking the market share of PV technologies, the company emphasized. JinkoSolar presented about its n-type TOPCon monocrystalline solar technology at the recent TaiyangNews Solar Module Innovation Conference (see?Leo Cong, JinkoSolar: The Tiger Neo in 2023).
IPO
Shouhang New Energy IPO gets a go ahead:?As per local media reports, Shenzhen Stock Exchange Listing Review Committee has given a go ahead to Shouhang New Energy for its initial public offering of shares. The notice said that the company has met the requirements for issuance, listing and information disclosure. Established in 2013, Shouhang New Energy is involved in research and development, production, sales and service of new energy power equipment. The focus has been on conversion, storage and management of solar power. The core products of the company include photovoltaic on-grid inverters, storage inverters, and energy storage batteries. In this IPO, Shouhang New Energy plans to publicly issue about 93 million A-share common shares, raising about RMB 3.5 billion ($0.51 billion). This fund will be used towards research and development and construction of new energy products.
Price / Cells & Module
DAS Solar increases prices for n-type products:?Over WeChat, Chinese solar PV module and cell supplier DAS Solar released the price of its n-type products. Here are the details:
Here are the details of the last price increase by DAS Solar (see?China PV News Snippets). Meanwhile, In January DAS Solar had discussed the development of n-type TOPCon multi-GW level module production of the company with high power and low degradation at TaiyangNews Solar Module Innovations Conference (see?Dengyuan Song, DAS Solar: Development of n-Type TOPCon Multi-GW Level Module Production).
Tongwei lowers monocrystalline PERC cell prices:?In a WeChat communication, integrated solar PV manufacturer from China, Tongwei Solar announced that it has lowered the prices of monocrystalline PERC cells. Here are the details:
The last price revision Tongwei did was in February this year (see?China PV News Snippets). Meanwhile, at TaiyangNews Solar Module Innovations Conference held in January, an interesting discussion took place between Guoqiang Xing, CTO of PV Business at Tongwei Solar and Michael Schmela, Managing Director of TaiyangNews. Xing discussed the module technology strategy of the world’s leading silicon and solar cell manufacturer during this chat session (see?Executive Fire Chat: Tongwei’s Module Technology Strategy)
Financial Results
Ancai Hi-Tech releases 2022 performance report:?As per the 2022 performance report of glass supplier Ancai HiTech, it has achieved revenues of RMB 4.1 billion ($0.60 billion), a year-on-year increase of 23%, and a net profit of RMB 77.5 million ($11.3 million), a year-on-year decrease of 63.23%. During the reporting period, the company’s main products were: photovoltaic glass that achieved a revenue of RMB 2.01 billion ($0.29 billion) and a gross profit margin of -8.5%; natural gas and pipeline transportation achieved revenues of RMB 1.7 billion ($0.25 billion) and a gross profit margin of 0.69%; and float glass achieved revenues of RMB 406 million ($59.1 million) and a gross profit margin of -17.9%. For 2023, the company targets annual sales revenues of RMB 5 billion ($0.73 billion). Last year, Henan Ancai Hi-Tech announced it built a glass and natural gas business model (see?China PV News Snippets)
TCL Zhonghuan profit rises by 63% in 2022:?Releasing its 2022?annual report, Chinese solar wafer supplier TCL Zhonghuan said it has realized an operating income of RMB 67 billion ($9.7 billion), a year-on-year increase of 63.02%; and a net profit of RMB 6.8 billion ($0.99 billion), a YoY increase of 69.21%. At the same time, TCL Zhonghuan’s total assets exceeded RMB 100 billion ($14.53 billion) for the first time and touched RMB 109.1 billion ($15.8 billion), a YoY increase of 39.95%. Advanced production capacity, optimization of product structure, and the cost and market advantages of G12 products have played significant roles in the growth, the company added.
TAIYANGNEWS VIRTUAL CONFERENCE
Fired up by the global fossil energy crises resulting in skyrocketing energy crises, demand for distributed solar has reached unknown heights. Even in the world’s largest solar PV market, China, distributed solar was the main growth driver.?
In our first virtual TaiyangNews Conference on Distributed Solar & Storage on April 25, we will have leading stakeholders in this segment – including module, inverter, battery storage and full solution suppliers – provide updates on the latest #solar and #storage product developments for increasing energy independence of residential and commercial buildings.
Companies that will participate include LONGi, Jinko Solar, Aikosolar, Astronergy, Risen. The Conference will take place on #25April2023 from 9.30 to 13.30 CEST. Click here to register free of charge.
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