The Dutch science-based company has announced plans to expand its product portfolio for solar, with the acquisition of China based Suzhou SunShine New Materials Technology (Sunshine), a manufacturer of PV backsheets.
The solar investment group’s cumulative installed capacity in the country hit 1.15GW at the end of December, up from 950.3 MW in late June 2016, according to a statement to the Hong Kong stock exchange.
The company’s Phase 3A facility in China’s Xinjiang is now up and running, and should reach full production capacity of 18,000 metric tons of polysilicon the first quarter of the year.
Sharp uptick in polysilicon imports into China between October and November last year point to repeat of 2016’s first-half solar surge, suggests analysis by Bernreuter Research.
The solar farms, located in Sault Ste., have a combined capacity of 59.8 MW. Canadian Solar will continue to operate the PV plants on behalf of Fengate.
Detailed examination of the National Energy Administration’s official solar PV statistics for China reveals a 200% year-on-year growth in distributed solar. Sector grew by 4.23 GW in 2016.
The Chinese vertically integrated solar power company will supply modules and provide EPC services for the distributed solar PV projects in China’s Shandong, Anhui and Zhejiang provinces.
According to Reuters, China will launch trading of certificates for solar and wind power from July 1st 2017, in a bid to reduce government subsidies going to the renewables sector. The National Development and Reform Commission (NDRC) announced the trading program on Friday.
The German chemical giant finished off 2016 with increased sales and profit in its polysilicon division, as it remains the only Western polysilicon maker to sell directly into China.
The move is a step toward regaining regulatory compliance, in advance of a potential purchase by Brookfield.
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