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.
2GW worth of solar PV modules were detained at the US border throughout 2022 as a result of the Uyghur Forced Labor Prevention Act (UFLPA), representing 1,423 individual shipments.
The China Energy Engineering Corporation has reportedly proposed to build a 1GW floating solar installation in Zimbabwe, at the Kariba Dam on the Zambizi river.
New PV instalments for the first two months of 2023 in China reached 20.37GW, up 87.6% from the same period last year when it reached 10.86GW between January and February 2022, according to China's National Energy Administration's latest data.
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.
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).
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.
