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.
Check out this week’s list of some of the newest announcements related to clean energy products.
The deal is for 500 MW of bifacial monocrystalline module capacity over the next two years, with an additional volume commitment to be negotiated later.
The Chinese photovoltaic manufacturer said the recent invalidation procedure for its patent at the Chinese Patent Office’s examination and invalidity department is only an administrative examination procedure that only examines whether or not the authorized Chinese patent complies with patent law requirements.
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.
Executive and boardroom moves in solar, storage, energy, utilities and venture capital.
Three more PV manufacturers are announcing plans to invest in an expansion of production capacities — as the industry appears to make light of coronavirus fears.
Jinko shipped 14.2 GW of modules in 2019, up 33% from the previous year, the high mark in another year dominated by Chinese manufacturers.
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