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.
China’s PV industry's production value last year reached RMB1.4 trillion (US$203.5 billion), according to a report published by China’s ministry of industry and information technology.
Astronergy is aiming to reach 49GW of solar module capacity this year as it increases efforts to expand TOPCon production while exploring the potential of opening a manufacturing facility in the US.
PV module manufacturer Suntech has signed a cooperation agreement to build a 10GW TOPCon high-efficiency cell production manufacturing hub in the Chinese province of Anhui.
US PV incentives should be entirely focused on solar cell manufacturing in the short term, with maximum incentive rates given to domestic solar cell production that ultimately has a risk-free supply chain of materials and equipment, writes Finlay Colville, head of research at PV Tech.
