China PV News Snippets: Hangzhou, Canadian Solar, Sofar Solar

Hangzhou First To Expand PV Film & Backsheet Production Capacity; Construction Begins For Phase 2 Of 6 GW Module Expansion Project By Canadian Solar; Strategic Cooperation For Sofar Solar & Failte Solar
09:28 PM (Beijing Time) - 14. September 2020
Presentation

Encapsulation world market leader Hangzhou First hopes to lower its production costs by expanding its capacity by 25 GW for solar PV film, and by 22 GW for backsheets, the Chinese company announced. (Photo Credit: Hangzhou First Applied Materials Co., Ltd.)

Key Takeaways

  • Hangzhou First will be investing RMB 1.02 billion to expand its solar PV film and backsheet production capacity by 250 million sq. mtr. and 110 million sq. mtr, respectively
  • Canadian Solar has started construction for 4 GW module capacity which forms part of phase 2 of its 6 GW module expansion plans
  • Sofar Solar has declared a strategic cooperation agreement with Ireland’s Failte Solar to explore Ireland solar market

Hangzhou First to expand capacity: Hangzhou First Applied Material Co., Ltd. will be expanding its solar PV encapsulation film production capacity by 250 million m2., equivalent to 25 GW, and that of backsheets by 110 million m2, equivalent to 22 GW. This expansion will be carried out by the company’s wholly-owned subsidiary in Jiaxing Economic and Technological Development Zone for RMB 1.02 billion ($150 million), to be raised by the company through own resources. With this planned expansion, the world market leader in encapsulation products, hopes to lower its production costs and improve product delivery capabilities.

Canadian Solar breaks ground on 4 GW module project: Canadian Solar has started construction work for phase 2 of its 6 GW module capacity in Yancheng Dafeng region aiming to bring up 4 GW annual capacity. Phase 1 of the 6 GW project was completed in August 2018. Altogether, the 6 GW project is being built for RMB 1.5 billion ($220 million) and will add 16 high-efficiency solar module production lines. By the end of 2020, the company hopes to report total module production capacity of over 16 GW (see Canadian Solar Exceeds Shipment Guidance In Q2/2020).

Strategic cooperation for Sofar Solar for Irish market: Solar PV inverter manufacturer Sofar Solar has entered into a strategic cooperation with solar products distributor Failte Solar of Ireland to explore opportunities in the Irish solar market. Failte Solar is also present in the online space. The 2 companies plan to use their respective core competencies to ensure extensive reach of solar PV inverters, storage inverter, and batteries for more people and businesses in Ireland.

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani