GCL Technology says revenue hit CNY 8.86 billion ($1.3 billion) in the first half of 2024, with a gross loss of CNY 553 million, while Xinte Energy says it recorded CNY 11.74 billion of revenue and a net loss of CNY 887.02 million for the first six months of the year.
Daqo says it has postponed its polysilicon expansion plans in China’s Inner Mongolia region, while JinkoSolar says it delivered 55.7 GW of PV products in the first three quarters of this year.
Tongwei and Jolywood announced higher cell prices, while Maxwell revealed that it has signed a deal to sell 4.8 GW of heterojunction PV production equipment to Golden Glass.
A new report from Bernreuter Research reveals that Wacker Chemie lost its top spot in the 2020 global polysilicon rankings. It was also the only western company among the “Big Six” that are expected to form a new polysilicon super league in the PV industry. Overall, these six reached a total polysilicon capacity of 470,000 MT last year.
Polysilicon manufacturer Xinte Energy has signed a deal to supply 181,000 tons of poly to module manufacturer JA Solar from next April until December 2026. Anhui-based heterojunction module manufacturer Huasun announced this week that cells produced at its factory in Xuancheng City have achieved a maximum efficiency of 24.39%.
The tide of clean energy facilities planned under the city’s next five-year strategy was revealed by Hong Kong-listed polysilicon maker Xinte Energy, which has signed a framework agreement to construct 200,000 tons of manufacturing capacity near Inner Mongolia’s largest city.
China’s largest PV manufacturers claim limits placed on solar glass production two years ago, to prevent over production, are now causing an industry bottleneck.
Solar manufacturers Longi and Tongwei have frozen next month’s prices.
Plus, panel maker Risen began construction of a 15 GW cell and module factory in Yiwu, in the central Zhejiang province of eastern China.
More than 1 GW of subsidized small solar arrays were installed in China last month alone and manufacturer Suntech has announced the start of operations at its 500 MW Indonesian cell and module fab.
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