China’s solar deployment caps will not have as profound an impact on the global industry as many fear, according to the president of LONGi Solar, but consolidation on the manufacturing side is expected.
Leading integrated high-efficiency monocrystalline module manufacturer and ‘Silicon Module Super League’ (SMSL) member LONGi Green Energy Technology has won a bid to build a ‘Top Runner’ PV power plant of 250MW with partner, Three Gorges New Energy in Yijun County, Tongchuan City, China.
Taiwan-based market research firm, EnergyTrend has revised its China and global solar market demand forecast in light of the Chinese government changing its deployment policies at the end of May, 2018.
‘Silicon Module Super League’ (SMSL) member Trina Solar and building materials and PV systems developer China Singyes Solar Technologies Holdings have jointly secured a bid to build a 250MW ‘Top Runner’ PV power plant project in Tongchuan, Shaanxi province, China.
Leading polysilicon and solar wafer producer GCL-Poly Energy Holdings said it was in talks with major China state-owned industrial conglomerate, Shanghai Electric to sell a major shareholding in its main polysilicon production subsidiary, Jiangsu Zhongneng Polysilicon for around US$2 billion.
According to market research firm IHS Markit, solar PV installations in 2018 are expected to reach 105GW, an 11% increase over the prior year when installations topped over 96GW, despite an expected decline in China, due to the sudden capping of growth by new government policies.
According to Bloomberg New Energy Finance (BNEF), the global average selling price (ASP) of solar modules is expected to decline by 35% in 2018, compared to previous forecasts of a 20% to 27% decline, due to the Chinese government curtailing solar growth through new policies initiated last Friday.
China-based solar PV project developer and operator ReneSola is one of the first companies to publically echo the impact expected from the Chinese government’s decision to significantly curtail solar deployment, highlighting the solar module ASP decline of modules as a key benefit to downstream developers.
US-based investment firm ROTH Capital Partners expects as much as 34GW of solar production overcapacity in China in 2018 as a result of the “stark policy pivot” by the Chinese government, which imposed sector caps and feed-in tariff (FiT) mechanism reductions to drastically cap solar installation growth, last Friday.
France-based specialist PV manufacturing equipment supplier Semco Technologies has announced at SNEC 2018 that its complete suite of PV manufacturing equipment would be spun-off and form a Joint Venture (JV) business in China with Ganshang Technology Group, a Suzhou City-based holding group combining smart economy with industrial investment.
Major PV materials provider DuPont Photovoltaic Solutions has launched the first transparent PV module backsheet material, specifically for bifacial solar modules at SNEC International Photovoltaic Power Generation and Smart Energy Exhibition, being held in Shanghai, China this week.
According to analysis by Taiwan-based market research firm, EnergyTrend, around 67% of Top Runner program bids in 2017 were won with P-type mono PERC modules and it expects an increasing percentage of project bids in 2018 will be securde by using P-type mono PERC bifacial modules.