According to the company’s financial results for last year, 2022 was the first time that LONGi’s yearly revenue surpassed RMB100 billion (US$14.4 billion).
The US market is expected to see a strong uptick in overall module supply, both domestic and overseas, in 2023. Alongside this will be a range of different module technologies, making the US market the most differentiated from a technology standpoint this year.
The European Solar Manufacturing Council (ESMC) has called on the European Union member states to allocate financial support from REPowerEU grants to support solar PV manufacturing.
On April 12, the Silicon Industry Branch announced the latest solar-grade polysilicon prices, which were between RMB190-200/kg on average, with the lowest price set at RMB180/kg (US$26.2/kg).
As the PV industry reckons with its social and environmental impact and the byproducts of its processes, beyond the near-term questions over provenance and manufacturing ethics, concerns at the horizon of a module’s lifespan are coming more and more into focus.
Chinese solar PV manufacturer TCL Zhonghuan has planned to issue nearly RMB13.8 billion (US$2 billion) convertible bonds for its 35GW annual capacity ultra-thin high-purity mono silicon wafer and 25GW n-type tunnel oxide passivated contact (TOPCon) 4.0 highly-efficient solar cell plants.
PV module prices are set to fall considerably in the next five years, though US market prices will remain higher than the rest of the world as its import policies and ongoing competition with China add a market premium.
