China Solar PV News Snippets

LONGi's Dongxia Ni at TaiyangNews Reliable PV Module Design Conference; JinkoSolar's 9M 2023 net profit to rise 290%; NDRC & NEA: speed up development of electricity spot market; CR Power net generation figures for Sep '23; 120 GW manufacturing base by Jiangsu Xinlinfei Energy.

LONGi's Senior Product Manager Dongxia Ni to present at TaiyangNews Reliable PV Module Design Conference: LONGi Green Energy's Senior Product Manager Dongxia Ni will be presenting at TaiyangNews Reliable PV Module Design Conference on October 26, 2023, from 09:30 – 13:30 CEST. She will be addressing the topic: From Design to End-of-Life: Ensuring Supreme Module Lifecycle Quality.

The Conference will see key stakeholders active in the various parts of module manufacturing discuss the topic of "reliability" to facilitate designing and building high-performance modules that last for decades.

Registrations are for free and on this link: https://taiyangnews.info/our-events/reliable-pv-module-design-conference/

JinkoSolar forecasts 9M 2023 net profit to rise up to 290%: PV Module manufacturer JinkoSolar has forecast its net profit for the 1^st 3 quarters of 2023 to range between RMB 6.14 billion ($839 million) and RMB 6.54 billion ($893.7 million). This translates to an increase of 266.36% to 290.22% Year-over-Year (YoY). The company attributes this optimistic forecast to the strong demand for advanced products, an increase in PV module shipments and the proportion of n-type shipments, and improved performance versus the same period last year. Recently, solar PV cell manufacturer Drinda forecast its net profit to increase 290% to 340% (see China Solar PV News Snippets).

NDRC & NEA call for speeding up development of electricity spot market: China's National Development and Reform Commission and the National Energy Administration have issued a notice aimed at accelerating the development of the electricity spot market in the country. The "Notice on Further Accelerating the Construction of the Electricity Spot Market" outlines several key initiatives, including accelerating the participation of various power sources in the spot market, particularly focusing on new energy by 2030. It emphasizes market-based mechanisms to encourage new entities like energy storage and virtual power plants to play a role in optimizing power generation. The notice also underscores the need for connecting various market mechanisms, such as spot and medium- and long-term transactions, and strengthening coordination between spot goods and ancillary services. The notice further advocates for improving the electricity market price system and exploring a capacity compensation mechanism to ensure reliable power supply and value compensation. It reflects a comprehensive approach to enhancing the electricity market in China while promoting renewable energy and environmental sustainability.

Solar logs over 193% increase in CR Power's Sep. 2023 net generation numbers: Wind and hydropower plant operator China Resources Power Holdings Company Limited (CR Power) has released September 2023 net generation numbers for its subsidiaries. The company reported that the total net generation for its subsidiaries increased by 2.6% year-on-year to 14,995,553 MWh. Subsidiary wind farms saw power generation increase by 3.9% YoY to 2,332,105 MWh, while it increased 193.4% YoY to 311,833 MWh for the PV plants. For 9M 2023, total net generation increased 3.6% YoY to 143,185,498 MWh, increasing 12.4% YoY to 28,603,351 MWh for subsidiary wind farms and 92.6% year on year to 1,977,669 MWh for subsidiary PV plants. On the other hand, power generation for subsidiary hydropower plants decreased 44.9% for September 2023 vs. September 2022, while it decreased 26.4% YoY for 9M 2023.

Jiamusi LONGi's 1 GW high-efficiency module fab starts operations: Leading solar PV manufacturer LONGi has announced that its subsidiary Jiamusi LONGi 1 GW high-efficiency monocrystalline module facility has officially started operations. The company is reported to have invested RBM 1.9 billion ($259.6 million) in the facility, which includes workshops, production lines and supporting facilities. Once fully up and running, the company expects it to generate RMB 2.4 billion ($328 million) in annual revenues.

Jiangsu Xinlinfei Energy to set up 120 GW vertically integrated PV manufacturing base: Jiangsu Xinlinfei Energy Technology Co., Ltd. has announced that it will be setting up the vertically integrated Meilin Photovoltaic Base with a total capacity of 120 GW. The manufacturing base will be built in 3 phases with a total investment of RMB 40 billion ($5.47 billion). It will have an annual capacity of 40 GW of monocrystalline ingots and wafers each, and 20 GW each of large-sized high-efficiency cells and large-sized high-efficiency modules. When fully online, the company expects the base to generate about RMB 38 billion ($5.2 billion) in annual revenues.