JA Solar to supply modules to 1 GW hydro-solar hybrid project; LONGi releases Q3/2022 results forecast; Shuangliang Eco-Energy and DaQo sign 6-year long deal for silicon materials; GCL System’s n-type TOPCon modules TUV certified.
JA Solar & YALONG HYDRO partner for hydro-solar PV project: Solar PV panel manufacturer JA Solar said in a WeChat communication that it has inked a photovoltaic module procurement contract with YALONG HYDRO for the first phase of Yalong River Two Estuary Hydropower Station’s hydro-solar project. JA Solar will be supplying modules to the 1 GW PV pilot project, and enabling hydropower and new energy power generation company, YALONG HYDRO to build the project. This hydro-solar hybrid power station has an investment of RMB 5.3 billion ($0.74 billion) and is scheduled to be connected to the grid at full capacity by 2024.
LONGi Q3 2022 results forecast released: Chinese vertically integrated solar PV company LONGi released its forecast for the first three quarters of 2022. During this period, the company expects that it has:
- achieved an operating income of RMB 86.4 to 87.4 billion ($12 to 12.14 billion), a year-on-year increase of 54%-56%
- achieve a net profit of RMB 10.6 to 11.2 billion ($1.47 to $1.56), a year-on-year increase of 40%-48%
The company said that it has benefited from the growth of downstream demand and during the reporting period has actively seized market opportunities. It had adopted flexible business strategies to respond to market changes and has ensured timely and quality order deliveries. The company’s external sale of silicon wafers and modules too increased year-on-year. In addition, there has also been a rise in the investment and foreign exchange incomes, causing a significant increase in operating performance, the company added.
Shuangliang Eco-Energy to buy 155,300 tons silicon materials from Daqo: China headquartered solar PV company Shuangliang Eco-Energy announced that its wholly-owned subsidiary, wafer maker Shuangliang Silicon Materials (Baotou) Co., Ltd., will be purchasing 155,300 tons of polysilicon materials from Chinese polysilicon producer Daqo New Energy. Deliveries will begin from 2022 and end by 2027. As per the latest average price of polysilicon dense materials, which is at RMB 303,000/ton ($42083/ton), including taxes, the estimated purchase amount will be about RMB 47.056 billion ($6.54 billion). In another development few days earlier, Shuangliang Eco-Energy signed a deal with Hoshine Silicon for production equipment worth RMB 429 million silicon supply deal (see China PV News Snippets)
GCL System’s n-type TOPCon modules TUV certified: Chinese solar PV cell and module manufacturer GCL System Integration Technology through a WeChat communication said that it has received TUV Rheinland certification for its 210mm and 182mm large-size n-type TOPCon single-glass and double-glass modules. Among them, its 210mm series modules have a maximum power of 685 W, while the 182mm series modules have a maximum power of 575 W. Last year, TaiyangNews had released a TOPCon report that explains the increasing interest in PERC’s natural successor (see TaiyangNews TOPCon Solar Technology)