DAH Solar awarded Top Brand PV; Solis achieves offshore PV certification; DAQO starts construction on silicon fabs; SC New Energy expects 80% profit growth; KSTAR to establish inverter and ESS base; Yunnan Seraphim ships 1st batch modules.
DAH Solar awarded Top Brand PV 2024 at SNEC 2024: At the recently concluded SNEC 2024 in Shanghai, DAH Solar was awarded the Top Brand PV 2024 by EUPD Research for its performance in the Brazilian market. The company says Brazil remains a key market for DAH Solar, which has consistently ranked among the top photovoltaic (PV) brands in the country. The company has a branch office in Sao Paulo and has conducted several roadshows to engage with local installers. DAH Solar's Full-Screen PV Modules, chosen by over 10,000 power stations globally, have been noted for increasing power generation by 6-15%. In 2024, DAH Solar expanded this product line with advanced technologies.
Last month, DAH Solar announced the successful mass production of its full-screen Dense-Busbar (DBB) modules at its Hefei module manufacturing base (see China Solar PV News Snippets).
Solis achieves offshore PV certification: At the SNEC 2024 event last month, Ginlong (Solis) announced that its 30 kW inverter supported an offshore photovoltaic (PV) empirical project, following the establishment of the Offshore Photovoltaic Verification Base by CPVT and CIMC Jiguang. Solis says it is among the first to achieve offshore verification at the base, dubbed China's first national-level PV product quality inspection center. The company claims it has set new standards for waterproof sealing, corrosion resistance, and mechanical performance in offshore environments. At the CPVT booth, Solis's S6-PCS100K-M energy storage inverter was certified, boasting a maximum charge/discharge efficiency of 98.5% and stable operation at 60°C, which makes it suitable for various energy storage cabinets.
DAQO New Energy starts construction on 2 silicon fabs: Polysilicon producer DAQO New Energy has announced the start of construction on its industrial silicon and polysilicon manufacturing facilities in Shihezi City, Xinjiang Uygur Autonomous Region. When complete, the facility will have an annual production capacity of 300,000 tons of industrial silicon and 100,000 tons of polysilicon. The company had signed an agreement with the city government in December 2023 to build 2 facilities. The first was a new facility, located in Shihezi City, to produce 100,000 tons of polysilicon and 2.2 million round silicon cores annually. Another new facility with an annual capacity of 300,000 tons of industrial silicon was planned in the Shihutan New Materials Industrial Park. To be built in 2 phases for a total fixed asset investment of RMB 15 billion ($2.064 billion), the 1st phase involves building facilities with a capacity of 50,000 tons of polysilicon, 150,000 tons of industrial silicon, and 1.2 million round silicon cores. The 2nd phase involves constructing facilities for producing an additional 50,000 tons of polysilicon, 150,000 tons of industrial silicon, and 1 million round silicon cores.
S.C New Energy expects H1 2024 net profit to grow 80% YoY: Solar manufacturing equipment maker S.C New Energy has released its H1 2024 financial results forecast. For the period of January to June 2024, the company expects its net profits to be in the range of RMB 1,164.86 million ($160.27 million) to RMB 1,352.74 million ($186.04 million), representing an increase of 55% to 80% Year-over-Year (YoY). Net profits excluding non-recurring items are expected to be between RMB 1,119.86 million ($154.04 million) and 1,307.74 million ($179.93 million), up 62.82% to 90.13% YoY.
KSTAR to establish PV inverter and ESS manufacturing base: Solar inverter manufacturer KSTAR has announced its plans to raise RMB 1,251.28 million ($172.06 million) through a public offering to construct 3 PV manufacturing facilities. Shenzhen and Huizhou in Guangdong Province will host 1 production facility each, while the third will be located in Fuzhou, Fujian Province.
The company plans to use RMB 817.4864 million ($112.45 million) of the proceeds for the Shenzhen facility, which will serve as a production base for PV inverters and energy storage inverters. It is expected to produce 30,000 group string inverters, 600 centralized inverters, 100,000 household energy storage inverters, 3,000 commercial and industrial energy storage inverters, and 700 large energy storage inverters annually.
The Huizhou facility will serve as a production base for PV and energy storage system (ESS) integrated products. KSTAR plans to use RMB 355.6552 million ($48.93 million) of the proceeds to add an annual production capacity of 500 PV boost inverters, 500 energy storage boost machines, 100 containerized battery storage systems, and 1,000 outdoor cabinet integrated machines upon completion.
The company plans to construct a research and development center in Fuzhou for a total investment of RMB 188.13 million ($25.88 million). It intends to use RMB 78.1313 million ($10.75 million) of the proceeds for this R&D center, which will focus on various new energy power conversion devices and systems and will be closely integrated with smart grid system applications.
Yunnan Seraphim ships 1st batch of modules: Solar cell and module maker Yunnan Seraphim has announced that it has shipped the 1st batch of modules from the facility. Shipped from the company's Hongqiao Jianshui 100 MW facility, the 1st batch consisted of 20 MW of modules. Seraphim is reported to have started construction on this facility in May of this year, to reach the mass production level in the span of a month. In May, the company announced the rollout of the 1st module from another 1 GW module manufacturing facility, which started construction in February of this year (see China Solar PV News Snippets).