JinkoSolar reports 43.8 GW shipments for H1 2024; says poised to achieve 27% TOPCon cell efficiency by 2025
Leading solar PV manufacturer JinkoSolar reported a record 43.8 GW in module shipments for the first half of 2024, a 46% year-over-year (YoY) increase (see China’s JinkoSolar Shipped 23.8 GW Solar Modules In Q2 2024). The company said that it was able to maintain stable pricing while competitors struggled with declining sales and price wars. It said further that it achieved over RMB 1.2 billion ($168.44 million) in positive margins, while protecting its DG market customers. JinkoSolar said that it remains on track to meet its 2024 sales guidance of 100 to 110 GW.
On the technology side, JinkoSolar aims to reach a mass production TOPCon cell efficiency of 26.5% in H2 2024 and 27% by 2025. It says that it leverages AI and big data in smart factories to enhance productivity. As demand for high-performance modules rises, the company says its JinkoSolar’s advancements in TOPCon technology and its growing market share position the company far ahead of its competitors.
JinkoSolar says its complete TOPCon IP portfolio of over 500 key IPs makes it the ‘safest supplier and chain owner.’ “We continue to be ahead of the technology innovation curve, and today, we are confident that our TOPCon-based technology will be instrumental in supporting the needs of our customers in all scenario applications,” said Dany Qian, VP of JinkoSolar.
On the energy storage side, JinkoSolar recently announced that it will supply 60 MWh of SunTera G2 liquid-cooled ESS for an energy storage plant in Gonghe County, Qinghai Province (see China Solar PV News Snippets).
Astronergy to supply 1 GW solar modules to Algeria
Chint Group subsidiary and solar manufacturer Astronergy has announced that it has won tenders from China International Water & Electric Corp. (CWE) and Power Construction Corporation of China (POWERCHINA) to supply 1 GW of n-type TOPCon solar modules to Algeria. Initiated by Algeria's state-owned utility Sonelgaz, the 2,000 MW solar plant construction plan involves building 15 solar plants across 12 provinces, with capacities ranging from 80 to 220 MW.
Astronergy will provide modules for 6 key projects, including the 220 MW Biskra plant, which is one of the largest in the plan. Already under construction, this project is expected to generate 400 million kWh of clean electricity annually while reducing carbon emissions by 330,000 tons. The other 5 plants in the plan are: the 220 MW Batemete PV plant; the Gueltet Sidi Saad PV plant and the Douar El Maa PV plant with 200 MW capacity each; and the Ouled Djellal and the Abadla PV plant with 80 MW capacity each.
Astronergy was recently announced as one of the winners of Guangzhou Development’s 2.4 GW solar module tender (see China Solar PV News Snippets).
GoodWe reports net loss for H1 2024
Solar inverter manufacturer GoodWe has reported revenues of RMB 3.15 billion ($445.18 million) for the first half of 2024, a YoY decrease of 17.47%. The company reported a net loss attributable to shareholders of RMB 23.83 million ($3.37 million), down 103.22% YoY. Net loss attributable to shareholders, excluding non-recurring items, was a loss of RMB 54.92 million ($7.72 million), down 107.39% YoY.
During the reporting period, GoodWe's inverter sales totaled 278,500 units, including 255,900 grid-connected inverters (91.89% of total sales) and 22,600 storage inverters (8.11% of total sales). Overseas inverter sales were approximately 155,200 units, accounting for 55.71% of the total, while domestic inverter sales were about 123,300 units, representing 44.29% of the total. The company's energy storage battery sales amounted to approximately 131.86 MWh, and its domestic residential distributed system sales were about 404.43 MW.
TBEA to invest in 3 GW renewable energy projects
Solar PV inverter manufacturer TBEA has announced its plans to invest RMB 10.15 billion ($1.43 billion) to build 2 renewable energy projects in the Zhundong New TBEA Green Silicon-based Industrial Park in Qitai County, Changji Prefecture, Xinjiang. The first one is a 1 GW AC/1.3 GW DC solar PV + energy storage project, involves an investment of about RMB 3.495 billion ($494.94 million). This project, including a 220 kV gathering station and a 100 MW/200 MWh electrochemical energy storage facility, has an estimated construction time of 12 months. It is expected to generate an annual average of 2.03 billion kWh. The second project is a 2 GW wind power and supporting energy storage project, with a planned investment of RMB 6.656 billion ($941.72 million), featuring a 200 MW/400 MWh energy storage system and an estimated construction period of 20 months.
Recently, TBEA reported that its H1 2024 revenues decreased 4.54% YoY and its net profits declined 58.48% YoY (see China Solar PV News Snippets).
SPIC launches PV module and inverter tender for 12.5 GW capacity each
The Chinese State Power Investment Corporation (SPIC) has released the 51st and 52nd tender rounds for 2024, to procure 12.5 GW of photovoltaic modules and inverters each. The bidding for PV modules will be divided into 4 sections: 100 MW of p-type 182 mm modules with a minimum power output of 545 W; 7.1 GW of n-type 182 mm modules with a minimum power output of 585 W; 4.3 GW of n-type 210 mm modules with a minimum power output of 710 W; and 1 GW of high-efficiency modules with a minimum efficiency of 22.6%. The bid for PV inverters will be under 3 sections: 8.75 GW of 1,500 V string inverters; 2.5 GW for 1,500 V utility inverters; and 1.25 GW for distributed inverters.