Canadian Solar has announced plans to invest in a new solar production base in Qinghai province, while Boamax Technologies has revealed that it will build a new heterojunction solar cell and module factory in Anhui province.
Having warned of in-house solar wafer and cell capacity as recently as the third quarter of 2021, the company has announced it will be adding even more production lines this year.
The Chinese-Canadian company has secured the signature of Swiss energy business Axpo as offtaker for around 109GWh of solar electricity over a decade, with the clean power to be produced at Canadian Solar projects in Lazio and Sicily.
The Canadian Solar chief repeated his belief the trend of ever-cheaper solar panels has come to an end and revealed, at the online BNEF event, his company is set to launch a 700 W module.
While the Sino-Canadian business expects high polysilicon and shipping costs to be a temporary problem, CEO Shawn Qu has acknowledged the company will have overcapacity in cell and wafer production lines by the end of the year.
English clean energy company Windel Energy will develop the projects until they are ready-to-build, with Canadian Solar expected to supply the batteries.
According to a statement released by the Californian manufacturer, the U.S. International Trade Commission (ITC) issued an initial determination finding that Canadian Solar may have violated two U.S. patents covering Solaria’s shingled photovoltaic panels.
PV manufacturing giant Trina Solar says it has agreed with other industry players on a set of standard dimensions and other technical specifications for PV modules utilizing 210mm wafers – the largest currently available on the market. The manufacturer says it expects the China Photovoltaic Industry Association to formally release the standard before the end of October.
Canadian Solar also reports solid Q2 results, with PV shipments reaching 3.7 GW and revenue totaling US$1.43 billion.
The solar PV module manufacturer reported strong growth for its energy storage business and an overall 105% year-on-year turnover growth. Its total module production capacity reached 19.7 GW at the end of June.
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