DMEGC Solar expands module capacity at Lianyungang Base to 10 GW
Vertically integrated solar manufacturer DMEGC Solar has completed its 10 GW Lianyungang solar module production facility with the rollout of the first module from its new 5 GW Phase II plant. Covering 159 acres, the company says this site features advanced 5G, AI-enabled automation, and upgraded assembly lines, enhancing production efficiency and reducing costs. The facility primarily produces Infinity N-type high-efficiency modules, known for consistent top efficiency in TaiyangNews listings. Globally, DMEGC Solar now has 6 production bases with a 2024 capacity target of 23GW in cells and 21GW in modules. The Lianyungang base achieved 100% green energy production and received TÜV SÜD's first ISO 14068 Carbon Neutrality Certificate in the PV sector (see China Solar PV News Snippets).
Autowell's 9M 2024 revenues up 63.27%
Solar cell and module manufacturing equipment supplier Autowell has reported Q3 2024 revenues of RMB 2.50 billion ($352.83 million), a 45.42% increase YoY. The company's net profit attributable to shareholders, excluding non-recurring gains and losses, was RMB 379.54 million ($53.45 million), up 17.11% YoY. For the 9-month period of January to September 2024, Autowell achieved total revenues of RMB 6.92 billion ($975.53 million), up 63.27% over the same period last year. For the period, its net profit attributable to shareholders, excluding non-recurring gains and losses, was RMB 1.15 billion ($162.86 million), up 39.36% YoY.
Recently, Autowell announced its plans to adjust various aspects of its business including a shift of its R&D direction to TOPCon-Perovskite tandem equipment (see China Solar PV News Snippets).
Sungrow’s 9M 2024 net profits up over 5%
Solar PV inverter supplier Sungrow has reported revenues of RMB 49.946 billion ($7.03 billion) for the first 9 months of 2024, a YoY increase of 7.61%. During the period, its net profits were RMB 7.6 billion ($1.07 billion), up 5.21% YoY. For Q3 2024, the company reported revenues of RMB 18.926 billion ($2.66 billion), which was up 6.37% YoY. Its net profit for the period was RMB 2.64 billion ($372.03 million), a 7.96% decline YoY.
Energy China announces results for 17 GW solar module auction
Energy China has announced the results of its 2024 centralized procurement bidding for solar modules. The 17 GW solar module auction was split into 3 sections: 14 GW of n-type (TOPCon) modules, 2 GW of PERC modules, and 1 GW of HJT modules. LONGi, JinkoSolar, and JA Solar are among the 22 winning bidders.
The bid prices for different technology routes are as follows: TOPCon modules were priced between RMB 0.64536 ($0.091) and RMB 0.7954 ($0.112) per watt, with an average price of RMB 0.688 ($0.097) per watt; PERC modules were priced between RMB 0.629 ($0.089) and RMB 0.725 ($0.102) per watt, with an average price of RMB 0.6867 ($0.097) per watt; and HJT modules were priced between RMB 0.762 ($0.107) and RMB 0.7954 ($0.112) per watt, with an average price of RMB 0.7773 ($0.109) per watt.
Photovoltaic desertification prevention plan approved
An expert panel has conducted a review of the Photovoltaic Desertification Prevention Plan for the Three-North Desert Gobi Desert Region (2024-2030). The panel was organized by the National Forestry and Grassland Administration, in cooperation with the National Development and Reform Commission (NDRC) and the National Energy Administration (NEA). The Plan proposes development goals, planning layouts, major projects, experimental initiatives, integrated development paths, and safeguard mechanisms for the photovoltaic desertification prevention effort, establishing a new model for integrating desertification prevention with photovoltaic construction.
The experts suggested using monitoring stations and data models to assess the ecological impacts of PV and wind power base constructions, providing a scientific basis for decision-making in PV desertification control. The release said that the review was unanimously approved, with formal documentation to follow.