JinkoSolar registers significant profit; Mellow Energy produces perovskite mini-module; East Hope invests RMB 28.3 billion in key facilities.
JinkoSolar announces 2022 performance report: Module supplier JinkoSolar announced its 2022 performance report, and said that its operating income was at RMB 83.07 billion ($11.9 billion), a year-on-year increase of 104.77%. The net profit was at RMB 2.9 billion ($0.42 billion), a year-on-year increase of 158.21%. This growth, the company said, is because it had continued to optimize the integrated production capacity structure, and had also indulged in product cost reduction and efficiency increase. Recently, JinkoSolar had presented its n-type Tiger Neo modules for marine applications (see China PV News Snippets)
Mellow Energy produces perovskite mini-module: Over a WeChat communication, photovoltaic energy application development company, Mellow Energy, said that it has produced its first large-area (30cm*30cm) perovskite photovoltaic module. This marks a significant development in Mellow Energy's perovskite solar cell industrialization space. Few days back, Mellow Energy announced new efficiency records in perovskite PV cell technology (see China PV News Snippets)
East Hope subsidiary invests in key facilities: Multinational private enterprise integrating heavy and chemical industries, agriculture and commercial real estate, East Hope, said via WeChat that construction has begun for key facilities in Wuhai City. The total investment is about RMB 58.3 billion ($8.4 billion) and spans across new energy, new materials, and other such fields. Out of this, East Hope's subsidiary Wuhai Dongjing New Materials will be investing about RMB 28.3 billion ($4.08 billion). This will include production capacities for 15 GW monocrystalline silicon ingots, 15 GW wafers, 15 GW cells, and 15 GW modules. The construction period is scheduled for 2 years. The plan is to build a 125,000 tons polysilicon ingot and supporting facilities in 2023 itself. Once the facilities are completed, the total output will be about RMB 30 billion ($4.3 billion), the company added.