China PV News Snippet: LONGi, Topray, Zhanghuan, N-type

LONGi Keeps Wafer Prices At Same Level; Topray Solar Increases Q3/2020 profits; Tripartite Development for 400 MW PV Project in Zanghuan; N-type Cell Share Remains Low
08:12 PM (Beijing Time) - 29. October 2020
Longi recently announced the prices of monocrystalline wafers and has priced P-type monocrystalline silicon wafer with M10 175μm thickness (182/247mm) at RMB 3.9 ($.58) per piece. (Photo Credit: LONGi Solar)Longi recently announced the prices of monocrystalline wafers and has priced P-type monocrystalline silicon wafer with M10 175μm thickness (182/247mm) at RMB 3.9 ($.58) per piece. (Photo Credit: LONGi Solar)

LONGi recently announced the prices of monocrystalline wafers and has priced P-type monocrystalline silicon wafer with M10 175μm thickness (182/247mm) at RMB 3.9 ($.58) per piece, which means prices remained at the same level. (Photo Credit: LONGi Solar)

Key Takeaways

  • LONGi set the P-type monocrystalline silicon wafer with M10 175μm thickness (182/247mm) at RMB 3.9 ($.58) per piece
  • China Construction Third Bureau, Hubei Green Power New Energy and Hebei Yonghui New Energy Technology sign a tripartite agreement to develop photovoltaic power generation project
  • Topray Solar releases its third-quarter results, sees a year-on-year increase in revenue by 35.67%
  • N-type solar cell demand in the global market is growing, but at low levels

LONGi announces Monocrystalline Wafer Prices: Announcing the prices for monocrystalline wafers for November, LONGi set the P-type monocrystalline silicon wafer with M10 175μm thickness (182/247mm) at RMB 3.9 ($.58) per piece. Meanwhile, monocrystalline silicon wafer P-type M6 175μm with thickness (166 /223mm) and P-type 158.75/223mm 175μm thickness silicon wafers were priced at RMB 3.25 ($.48) and RMB 3.1 ($.46) /piece respectively. That means prices stay at the same level as in August, when the world’s largest wafer maker had updated its prices for the last time. In the first half of the year, LONGi had pushed prices down several times (see LONGi Brings Down M6 Wafer Price By RMB 0.15/Piece). But the recent silicon shortage and a resulting price uptick had led wafer companies to increase their prices.

Topray Solar releases its third-quarter results: Releasing its third-quarter report for 2020, Topray Solar announced that it has registered a 35.67% year-on-year increase in revenue, which from January to September 2020 stood at RMB 999,875,773 ($149 million). The 9 month net profit attributable to its shareholders saw a year-on-year increase of 92.89 % and was at RMB 141,434,374.21 ($21 million). Meanwhile, profit in the third quarter, which rose by 60.33% over the same period of the previous year was at RMB 47,999,356 ($7 million). Due to an increase in the company’s module, glass sales and photovoltaic power generation revenue, the operating income during the reporting period increased by 35.67% over the same period last year.

Tripartite cooperative development agreement for photovoltaic project in Zanhuang County: China Construction Third Bureau, state power Investment Hubei Green Power New Energy Co., Ltd., and Hebei Yonghui New Energy Technology Co., Ltd. set up a 400 MW (first-phase 100 MW) composite photovoltaic power generation project in Zanhuang County, Hebei Province.  They also signed a tripartite cooperative development agreement for the composite photovoltaic power generation project, and had in-depth exchanges on their respective resources and future cooperation space.

N-type cells demand remains at low level in 2021: N-type solar cell demand in the global market is growing, but at low levels, according to Chinese solar blogger PV-Men. From the observation of global market demand, overall photovoltaic module demand will increase from 121.1 GW this year to over 135 GW in 2021, with an increase of more than 14 GW. Comparing this data, the demand for N-type modules is expected to grow on a low level from 6.0 GW to 8.0 GW.

Meena Nair

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Meena Nair