The solar manufacturing supply chain is among the Chinese industries hit by a combination of soaring power demand, coal shortages for power generation, and carbon emission reduction measures.
The achievement was confirmed by the Institute for Solar Energy Research and is claimed as a world record for a p-type TOPCon cells.
Preliminary results for a handful of companies suggest that commodity price rises are having an impact on earnings.
Solar module producer Longi announced its second price increase in less than a month, and industry sources expect wafer prices to continue rising in June.
JA Solar has agreed to sell three solar farms to China Power Investment Corporation, while Tongwei announced lower prices on a number of cells. Eight leading players are calling for the standardization of PV products with 210 mm wafers.
More than 1 GW of subsidized small solar arrays were installed in China last month alone and manufacturer Suntech has announced the start of operations at its 500 MW Indonesian cell and module fab.
The Chinese manufacturer has debuted two models in the new bifacial, double-glass series to join the scramble for a slice of the 500 W-plus market and to stake its claim to set the 182mm, M10 wafer adopted as the industry standard.
China’s cumulative installed PV capacity topped 208 GW at the end of March, thanks to 3.95 GW of new projects completed in the first quarter. JinkoSolar and Longi both joined the 500 W-plus module race, with their new panels offering 580 W and 530 W of output, respectively. Ginlong, meanwhile, has revealed plans to raise funds to increase its annual inverter production capacity to 20 GW, and Xi’An Solar has claimed a 23.2% efficiency rate for its N-type TOPCon modules in mass production.
Longi and Sungrow both announced solid financial results last week. Module maker China Solar delayed the resumption of trading on the Hong Kong stock exchange, and polysilicon producer GCL-Poly unveiled plans to raise up to $16.8 million by issuing shares. Coal miner Baofeng Energy, meanwhile, announced the construction of what it claims will be the world’s largest PV-powered hydrogen plant, and Seraphim and Lu’An Solar revealed that they will open a 5 GW PV panel factory in China’s Jiangsu province.