JYT’s PV power plant capacity growth slows drastically in 2018

January 14, 2019
Facebook
Twitter
LinkedIn
Reddit
Email
The capacity growth in 2017 had been over 61%, reaching a total of 1,150.39MW, compared to 651.47MW at the end of 2016, indicating a significant slowdown in capacity growth in 2018. Image: JYT

Silicon wafer furnace to downstream PV power plant owner, Beijing Jingyuntong Technology Co (JYT) has reported its PV power plant capacity in 2018 totalled 1,239.11MW, an 18% increase over the previous year.

The capacity growth in 2017 had been over 61%, reaching a total of 1,150.39MW, compared to 651.47MW at the end of 2016, indicating a significant slowdown in capacity growth in 2018.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Beijing Jingyuntong Technology Co (JYT) has reported its PV power plant capacity in 2018 totalled 1,239.11MW, an 18% increase over the previous year.

The slowdown is believed to be a direct consequence of the China 531 New Deal, which was introduced at the end of May, 2018 to curtail utility-scale and Distributed Generation PV projects as back payments to electricity spiralled out of control. 

JYT is one the first companies in China to report 2018 PV power plant capacity figures. 

The company had previously reported revenue for the first nine months of 2018 of approximately RMB 1.68 billion (US$248.7 million), up from RMB 1.3 billion (US$192 million) in the prior year period. 

The company had previously reported revenue for the first nine months of 2018 of approximately RMB 1.68 billion (US$248.7 million), up from RMB 1.3 billion (US$192 million) in the prior year period.

JYT had previously won major multi-gigawatt upstream monocrystalline silicon puller equipment orders from the likes of JinkoSolar.

10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

October 17, 2025
Norwegian renewable energy firm Scatec has signed lease agreements for 64MW of solar PV and 10MWh of energy storage capacity in Liberia and Sierra Leone.
October 16, 2025
Masdar and Turkey have entered the final stage of US$1 billion agreement to develop the 1.1GW plant in Bor, Niğde Province, central Turkey.
October 16, 2025
US utility-scale solar additions grew by 56% in 2024, reaching 30GW from 2023’s 19GW and representing over 54% of all new electricity generation capacity added in the country last year.
October 16, 2025
Jakson Green and Blueleaf Energy have reached financial close for the 840MWp Bikaner solar projects in Rajasthan, western India. 
October 16, 2025
Off-grid solar company Sun King has revealed plans to set up manufacturing operations in Kenya and Nigeria.
October 15, 2025
A report by IRENA and others has highlighted the need for yearly renewable energy deployments to almost double between now and 2030.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK