DAS Solar receives TÜV Rheinland Witness Laboratory certification
PV cell and module supplier DAS Solar has announced that it has received TÜV Rheinland Witness Laboratory certification. The company says the certification enhances its global recognition in lab testing capabilities. The n-type technology follower has achieved a record 26.6% TOPCon cell efficiency. At SNEC 2024, the company’s Diamond series DBC modules were in focus. DAS Solar says that it is collaborating with leading institutions to improve cell efficiency to 40%, and its focus on the lab and talent has garnered certifications from CNAS, TÜV SÜD, and TÜV Nord. It says the TÜV Rheinland certification further solidifies its commitment to quality control, aiming to bolster product standards and achieve Dual Carbon Goals.
Last month, DAS Solar officially started operations at its Jingshan manufacturing base by rolling out the first solar module from Phase II (see China Solar PV News Snippets).
GCL SI expects to report growth in H1 2024 amid industry challenges
Even as China's photovoltaic industry faced significant challenges due to overcapacity and intense competition during the first half of 2024, GCL System Integration (GCL SI) has announced that it expects to report positive numbers for the period. Amidst an environment of price drops and operational difficulties, GCL SI forecasts revenues of $1.07 billion to $1.17 billion, which is a year-over-year (YoY) increase of 39.15% to 51.64%, and profits of $5.51 million to $7.17 million. The company attributes this performance to a strengthened sales force, which secured over 50 GW in orders, and its efforts in optimizing internal operations to reduce costs. The company also said that it now has 12 GW of n-type TOPCon cell capacity and 30 GW of TOPCon module capacity, with plans for mass production of Back-Contact cell technology by Q4 2024.
In June, AIKO and GCL Technology jointly launched what they call ‘the world's most efficient and low-carbon PV module’ (see New ABC Module With 24.2 Percent Mass Production Efficiency).
Akcome stock to delist from Shenzhen Stock Exchange
Akcome has announced that it has received a notice from the Shenzhen Stock Exchange regarding the termination of the listing of Zhejiang Akcome New Energy Technology Co., Ltd.'s (Akcome) shares. The closing price of Akcome's stock has remained below RMB 1 for 20 consecutive trading days, triggering mandatory delisting by the Exchange. The company’s shares will be delisted within 15 trading days following the delisting decision. Last month, Akcome had forewarned that its shares faced delisting (see China Solar PV News Snippets).
IHENG PV's 2.4 GW HJT tandem cell fab gets environmental approval
Solar R&D and manufacturing company IHENG PV has received environmental approval for its 10 GW heterojunction (HJT) tandem high-efficiency cell production base (Phase I) from the Maoji District Environmental Protection Bureau. Located in Maoji District, Huainan City, Anhui Province, the 10 GW 1st phase of the facility involves an investment of about RMB 1.577 billion ($217.81 million). Once online, Phase I will have an annual production capacity of 2.4 GW HJT tandem cells. In June, IHENG PV had made public its plans to use G12 half-cell silicon wafers (210 x 105 mm) at this manufacturing facility.
Lingda Group faces restructuring
Solar power generation firm Lingda Group has announced that it faces the need to undergo restructuring according to a ruling from the Liu'an Intermediate People's Court. The company's creditor, Jinzhai Huijin Investment Co., Ltd., applied to the court for the restructuring of Lingda Group, citing the company's inability to repay maturing debt and its apparent lack of repayment ability but noting its restructuring value. The Court decided to initiate the pre-restructuring process, with subsequent steps requiring approval from the Supreme People's Court before entering the restructuring procedure. The company will legally commence restructuring once it officially receives approval, and its stock will be put under a ‘delisting risk warning.’ Successful restructuring and implementation of the restructuring plan would help optimize the company's asset-liability structure and improve its operational and profitability prospects. However, if the restructuring fails, the company risks being declared bankrupt and liquidated, which would lead to the termination of its stock listing.
In March of this year, Lingda announced that it will temporarily suspend cell production at its subsidiary Gerisolar (see China Solar PV News Snippets).
13-fold increase in China's green certificate issuance in H1 2024
Recent data from China’s National Energy Administration (NEA) has shown that the country’s green certificate issuance has seen a 13-fold YoY increase for the first half of 2024. A total of 486 million green certificates were issued during H1 2024, a 13-fold increase year-on-year. Split into its constituents, 197 million green certificates were issued for wind power, 102 million for conventional hydropower, 133 million for solar, 54.35 million for biomass, and 16,500 for other renewable energy sources. The NEA also reported an increase in green certificate trading, with 39,000 enterprises and individual entities participating, a fourfold increase YoY. A total of 160 million green certificates were traded during the period, which is a sixfold increase YoY. Since the implementation of the green certificate system in 2017, approximately 707 million green certificates have been issued, including 315 million for wind power, 102 million for conventional hydropower, 229 million for solar power, 60.68 million for biomass power, and 20,000 for other renewable energy sources.