Huasun showcases HJT innovations at Intersolar Mexico 2024
Heterojunction technology (HJT) solar manufacturer Huasun Energy showcased its HJT technologies, including zero-busbar (0BB) technology, modules from its Himalaya and Everest series, and HJT-perovskite tandem cells at Intersolar Mexico 2024. Among the Himalaya series, the company said its G12-132 module boasting 750.54 W power and 24.16% efficiency attracted significant interest. The company claims its 0BB technology promises higher power generation and reduced Levelized Cost of Energy (LCOE).
The company said its experience with complex landscapes, such as China’s mountainous and desert regions, equips it to meet Mexico’s solar energy needs. It said further that its products can effectively utilize Mexico’s unique solar potential, with average daily global horizontal irradiation of 5 kWh per m2.
Huasun Energy recently announced that it has delivered 1.8 GW of HJT modules for CGDG’s 4 GW project located in Ruoqiang, Xinjiang (see China Solar PV News Snippets).
Haitai Solar's 3 GW Houhu module factory starts production
Green energy company Haitai Solar has announced the successful production of the first solar module at its Houhu factory in Tangshan, Hebei Province. The factory, with a solar module production capacity of 3 GW, rolled out the 182-series Haitai Taihe 2.0 bifacial monocrystalline high-efficiency solar module, based on 0BB TOPCon cells. According to Haitai Solar, its 0BB TOPCon modules offer high reliability, superior low-light performance, low degradation, a low temperature coefficient, and improved resistance to light-induced degradation (LID).
Last month, Haitai Solar announced delays for 2 of its projects, which now will be completed in 2025 instead of 2024 (see China Solar PV News Snippets).
Chint Electric's H1 2024 revenue up 4%
Chint Electric, the parent company of Astronergy, reported a 4.08% year-on-year (YoY) increase in revenue to RMB 28.99 billion ($4.04 billion) for the first half of 2024. Its net profit was RMB 1.92 billion ($267.8 million), and the net profit excluding non-recurring items was RMB 1.91 billion ($266.1 million), both largely flat YoY.
During the 6-month period, the company’s photovoltaic business generated RMB 16.16 billion ($2.26 billion), accounting for 56% of total revenue. This includes RMB 11.85 billion ($1.65 billion) from solar PV power station sales and engineering contracting, RMB 3.62 billion ($506.1 million) from PV power station development and operation, and RMB 695.3 million ($97 million) from energy storage and inverter sales. In the first half of 2024, Chint Anneng, a subsidiary of Chint focusing on distributed PV power stations, added over 6 GW of installed capacity and sold approximately 3 GW. By the end of the reporting period, Chint Anneng had a self-owned installed capacity of over 17 GW.
EGing PV reports ~RMB 470 million net loss for H1 2024
Solar cell and module manufacturer EGing PV has reported a significant decline in its net profits for the first half of 2024. The company’s revenues for the period totaled RMB 2.19 billion ($304.9 million), down 47.64% YoY. It reported a net loss of RMB 469.79 million ($65.5 million), a huge YoY decline of 264.86%, while its net loss excluding non-recurring items was down 245.89% YoY to RMB 473.86 million ($66.1 million).
EGing PV attributed the negative performance during the period to intense competition and continued declines in module bidding prices. For the 6-month period, the company reported module shipments of 2,274 MW, with 1,233 MW shipped domestically and 1,041 MW shipped overseas.
Arctech’s H1 2024 net profits up nearly 136% YoY
Solar tracker manufacturer Arctech has reported H1 2024 revenues of RMB 3.376 billion ($474.38 million), which was up 75.73% YoY. The company’s net profits were up 135.86% YoY to RMB 231 million ($32.46 million). The company attributed its positive performance during the period to rising market demand for trackers and mounting systems. The company said its trackers business accounted for RMB 3.268 billion ($459.2 million), including RMB 2.717 billion ($381.78 million) from overseas and the remaining RMB 551 million ($77.42 million) from domestic sales.