Beijing Jingyuntong Technology Co (JYT) has secured four major large-area mono-wafer orders from PV module and solar cell producers totalling around RMB16.78 billion (US$2.6 billion) in the last few weeks.
The China-based PV manufacturing industry has been in a massive capacity expansion phase since 2019. This intensified in the first quarter of 2020 but had eased off through the year, but the cumulative figures are jaw dropping, which has led to real fears of overcapacity in 2021.
‘Solar Module Super League’ (SMSL) member GCL System Integrated Technology Co (GCL-SI) has pumped RMB790 million (US$122 million) into Hefei GCL Integrated New Energy Technology Co (Hefei GCL) to start the construction process of its previously-announced 60GW new mega manufacturing hub in Hefei City, Anhui Province, China.
‘Solar Module Super League’ (SMSL) member Trina Solar has signed a long-term PV module supply deal with US energy major NextEra Energy totalling 4GW, thought to be the largest order of its kind outside of China.
A round-up of the latest solar manufacturing capacity announcements in China continued unabated during the festive season, leading up to the beginning of 2021
Meyer Burger has been pledged a total of €22.5 million in regional German government grants when the company starts ramping volume production capacity to 1.4GW for its heterojunction (HJ) solar cell and module assembly.
‘Solar Module Super League’ (SMSL) member Trina Solar has signed an agreement with the Yancheng Economic Development Zone. Jiangsu Province, China to build an 8.5GW advanced solar cell plant at a cost of approximately RMB 3.0 billion (US$460 million).
China-based polysilicon producer, Daqo New Energy Corp has secured near-term polysilicon supply deals with SMSL (Solar Module Super League) member, JA Solar and an unidentified existing customer that means it is sold out until a new polysilicon plant is built and operational sometime in 2022.
A small automation and composites manufacturer, Fujian Haiyuan Composite Material Technology Co (ST Haiyuan) has entered into a framework agreement with Jiangsu Gaoyou Economic Development Zone in Gaoyou City, Jiangsu province China to build a 10GW high-efficiency solar cell and module assembly plant at cost of around US$1.6 billion.
