Central & East Asia

Solar wafer manufacturer Shangji Automation has signed a supply deal worth RMB5.91 billion (US$856 million) and has launched a large-scale fundraising project to accelerate its capacity expansion.

Higher polysilicon average selling prices (ASP) have led polysilicon producer Daqo New Energy to register a record US$4.6 billion in revenue in 2022.

JA Solar intends to fund the construction of a major PV manufacturing facility by issuing convertible bonds to raise up to RMB8.96 billion (US$1.3 billion).

US thin-film manufacturer First Solar has recorded 48.3GW of net bookings in 2022, up 30.8GW from the previous year.

Bank of China Securities has issued a research report which stated that the PV industry chain price has stopped rising and may even drop in the future.

During 2022, capex for solar PV manufacturing fabs reached a record high - at more than US$27 billion - with spending dominated by Chinese companies building out new fabs in China and across Southeast Asia.

German research body Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE) has signed a letter of intent (LoI) with the Indian Department of Science and Technology (DST) to pursue developments in green hydrogen technology in the country.

Indian government-owned NTPC Renewable Energy has launched a bidding process seeking 310MW of floating and ground-mounted solar PV in India.

Solar manufacturer Trina Solar has launched a new Vertex S+ PV module series using n-type i-TOPCon cells.

The China Petroleum and Chemical Corporation, also known as Sinopec, has inaugurated a green hydrogen facility in the Erdos region of Inner Mongolia which will employ 270MW of solar PV generation.