Longi has announced more cuts to wafer prices, while cell manufacturer Tongwei has started building the first phase of its 30 GW Jintang PV manufacturing base. Risen Energy has also released solid financials, while JA Solar has unveiled plans to start selling its 500 W-plus solar modules.
Three major Chinese PV manufacturers have announced capacity expansion plans over the past week. Chint also released its 2019 financial results, while Kstar unveiled a new inverter supply deal.
Longi and Sungrow both announced solid financial results last week. Module maker China Solar delayed the resumption of trading on the Hong Kong stock exchange, and polysilicon producer GCL-Poly unveiled plans to raise up to US$16.8 million by issuing shares. Coal miner Baofeng Energy, meanwhile, announced the construction of what it claims will be the world’s largest PV-powered hydrogen plant, and Seraphim and Lu’An Solar revealed that they will open a 5 GW PV panel factory in China’s Jiangsu province.
Baofeng Energy appears to be switching its focus to hydrogen production and says its new project will be powered by two 100 MW solar plants and will start producing 160 million cubic meters of hydrogen annually from next year.
With the introduction of guided feed-in prices for different types of electricity by China’s National Development and Reform Commission (NDRC), the world’s largest solar market has its PV subsidy policy finalized two months earlier than last year.
The SNEC PV Power Expo has been postponed due to the Covid-19 pandemic. The organizers of the event have said that the event will now take place in October 2020.
The Jiangsu-based PV manufacturer follows peer JA Solar in de-listing in the U.S. to return to its homeland. The board will hope to gain access to more funding as a result, and will also face less public scrutiny.
Chinese solar manufacturer Talesun has announced plans to raise up to $226 million to expand PV cell and module production capacity by up to 2 GW, with a focus on heterojunction and TOPCon technologies.
A viral outbreak in the city of Wuhan, in China’s Hubei province, has become a nationwide health crisis with global implications. And with PV manufacturing concentrated in China, there are serious implications for all corners of the solar world, reports Vincent Shaw in Shanghai.
The Chinese manufacturer believes it has set a record because its device was manufactured on standard commercial production equipment.
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