Trina Yancheng facility produces first module; Tongwei cell prices remain mainly unchanged; JA Solar to expand integrated capacity; Sungrow achieved RMB 22.2 billion revenue in Q3/2022.
Trina’s 11 GW facility produces its first Vertex module: Chinese solar module manufacturer said through a WeChat communication that its newly built 11 GW module factory in Yancheng Development Zone has successfully produced its first Vertex module. The company added that it took only about 118 days to construct the facility and produce the module. Spread across 274 acres, the facility is engaged in research and development, production and sales of high-efficiency solar modules and photovoltaic derivatives. Earlier this month, Trina Solar had presented its new Vertex N solar module for the C&I and utility scale segment and has targeted to produce 20 GW to 30 GW of n-type solar modules by the end of 2023 (see New Trina Solar Vertex N Modules Launched).
Tongwei announces latest cell prices: Integrated solar PV manufacturer from China, Tongwei Solar released its latest quotation for monocrystalline PERC cells. Compared to the prices released in September 2022, overall prices remain unchanged (see China PV News Snippets). Here are the details:
- The price of 210-size cells stood at RMB 1.33/W ($0.18/W)
- The price of 182-size cells stood at RMB 1.33/W ($0.18/W)
- The price of 166-size cells stood at RMB 1.31/W ($0.18/W)
However, compared to last month the thickness of the cells has been reduced. Here are the details:
- The thickness of 210 and 182 cells is now 155μm
- The thickness of 166 cells is now 160μm
- The thickness of 210 and 182 cells is now 150μm
- The thickness of 166 cells remains still at 160μm like last month
JA Solar to invest RMB 1.5 billion for integrated capacity expansion: Solar PV panel manufacturer JA Solar announced that it plans t to expand its integrated production capacity. And towards that, it will invest about RMB 1.5 billion ($0.21 billion) and the focus will be on two facilities – the 5 GW Hefei module facility and the 5 GW module renovation of Xingtai No. 1 workshop. Earlier this month, JA Solar & YALONG HYDRO had partnered for hydro-solar PV project (see China PV News Snippets)
Sungrow Q3/2022 results announced: Releasing its third-quarter results for 2022, solar PV inverter supplier Sungrow said that it has achieved a revenue of RMB 22.2 billion ($3.06 billion), a year-on-year increase of 44.56%. The net profit was pegged at RMB 2.06 billion ($0.28 billion), a year-on-year increase of 36.94%. Meanwhile, the operating income was at RMB 9.9 billion ($1.37 billion), a year-on-year increase of 38.80%; and the net profit was at RMB 1.1 billion ($0.15 billion), a year-on-year increase of 55.14%. The company attributed this performance to the substantial growth of photovoltaic and energy storage businesses.