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

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
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.

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.

Read Next

July 29, 2021
Tracker and racking provider Arctech has delivered SkySmart II tracking system to a 575MW agriculture-sharing solar project located in Nangong City, Hebei Province, China.
July 23, 2021
China could install up to 65GW of solar this year, driven largely by a surge in demand for distributed solar installations, while average solar deployment could reach 90GW per year in the years leading up to 2025.
July 16, 2021
Finlay Colville, head of market research at PV Tech Research, explores the critical themes behind the solar industry’s transition from p-type to n-type cell production before previewing PV CellTech Online 2021.
July 15, 2021
Legislation that would ban the import of all products from China’s Xinjiang region into the US has taken a critical step forward, passing the US Senate.
July 13, 2021
Solar PV capacity in Asia Pacific could triple to 1,500GW by 2030, with China driving deployment and Indonesia set to be the region’s fastest-growing market, according to Wood Mackenzie.
July 12, 2021
Solar Module Super League (SMSL) member JinkoSolar has claimed a module conversion efficiency record of 23.53%, beating its previous record of 23.01% set in January.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK