TaiyangNews Conference on Distributed Solar & Storage tomorrow; RoboTechnik to build RMB 1 bn HJT facility; Hoshine releases RMB 42.6 billion investment plan; JinkoSolar expects profit in Q1/2023; QC Solar announces its 2022 performance report.
Watch out for Haier & JinkoSolar at TaiyangNews Conference tomorrow: TaiyangNews Conference on Distributed Solar and Storage promises interesting take-aways as leading brands speak about their diversification into different areas of solar. Chinese white-ware giant, Haier, will be talking about their motivation to expand into the home energy market. The speaker is Marx Aimin XIA, Vice GM, Haier Nanhu who will talking about Why Haier- the World’s No 1 Home Appliances Supplier Moved into Distributed Solar. At the event, JinkoSolar will be talking about a topic, about a rather new product – their experience of combining TOPCon with storage. The speaker is Amy Liu, Senior ESS Product Manager, JinkoSolar, who will present about Combining TOPCon With Storage for Residential Applications Around the World. The event take place tomorrow, April 25 from 9.30 to 13.30 CEST. For Agenda and free registration, click here.
RoboTechnik to invest RMB 1 billion in HJT cells: High-end automation equipment manufacturer RoboTechnik announced that it plans to sign an investment deal with Nantong Economic and Technological Development Zone. The idea is to build a high-end equipment R&D and manufacturing facility for heterojunction cells. The total investment is expected to be about RMB 1 billion ($0.14 billion). Meanwhile, earlier this year, RoboTechnik had partnered with SPIC for HJT cells (see China PV News Snippets)
Silicon maker Hoshine releases RMB 42.6 billion investment plan: Releasing its investment plan, leading raw silicon manufacturer for the global solar PV production industry, Hoshine Silicon Industry, said that it will be spending about RMB 42.6 billion ($6.18 billion) in four major areas: silicon materials, silicon wafers, cells, and modules. Here are the details:
- RMB 20.5 billion ($2.9 billion) towards silicon-based new material facilities, including monocrystalline silicon ingot facility, monocrystalline wafer facility, monocrystalline solar cell facility and high-efficiency crystalline silicon photovoltaic module facility – all of 20 GW each. The construction period is for 3.5 years.
- RMB 4.4 billion ($0.64 billion) towards a 1.5 million tons of ultra-thin and high-transparency photovoltaic glass facility, whose construction period is 2 years.
- RMB 17.6 billion ($2.5 billion) towards high-purity crystalline silicon facility with an annual output of 200,000 tons. The construction period of which is 2 years.
JinkoSolar expects Q1/2023 net profit at RMB 1.6 to 1.7 billion: Module supplier JinkoSolar announced that in the first quarter of 2023, the net profit will be RMB 1.6 billion ($0.23 billion) to RMB 1.7 billion ($0.25 billion), a year-on-year increase of 298.89% to 323.82%. Strong global market demand and increase in the company’s photovoltaic module shipments are the main reasons behind this growth. Meanwhile, JinkoSolar’s Roy Bi Presented About Sustainable Modules Made By World Leading Solar Module Manufacturer At TaiyangNews Solar & Sustainability Conference (see Getting Ready For Large Scale Solar Module Recycling)
QC Solar announces its 2022 performance report: Photovoltaic system and power storage products company QC Solar announced its annual performance report. The operating income was about RMB 1.1 billion ($0.16 billion), a year-on-year increase of 49.43%, while the net profit was about RMB 118 million ($17.1 million), a year-on-year increase of 82.57%. The operating income of QC Solar, from January to June 2022, was made up of 79.4% of photovoltaic junction boxes; 18.9% of photovoltaic connectors; 1.5% of accessories, and 0.09% of other businesses accounting. Meanwhile, last year, TÜV SÜD had certified the company, based on the PPP 58211A:2022 standard for its photovoltaic connector (see China PV News Snippets)