China PV News Snippets: JA Solar To Take Part In TaiyangNews Conference & More

JA Solar to take part in TaiyangNews Conference: JA Solar’s Senior Engineer in the Marketing Department  Weichen Jin will be participating in the TaiyangNews Solar & Sustainability 2024 Virtual Conference. The sustainability of products is gaining attention these days, driven by both government legislation and growing awareness in the society. In the 2nd TaiyangNews Solar & Sustainability Conference, the focus will be on the main themes being pursued in the PV sector – from supply chain transparency, carbon footprint reduction in manufacturing, sustainable system operations and how to deal with solar products at the end of their long service life. The conference will be held on August 27, 2024, from 09:30 – 12:30 CEST. For Agenda and Free Registration, click here.

JinkoSolar to power Manchester Premier League: Chinese module supplier JinkoSolar has partnered with Manchester City to deepen their shared commitment towards sustainability. The focus will be to promote green transformation of football through technological innovation. Using JinkoSolar’s Tiger Neo PV modules and n-type TOPCon technology, Manchester City’s training grounds will now be powered with efficient clean energy. This will support the club’s goal to achieve Net Zero by 2030 and usher in a new era of green football, said the company.

Astronergy supports 400 MW plant in China: Solar PV module manufacturer, Astronergy, said in an announcement that it is the module supplier for a 400 MW solar-grazing integrated plant in Qinghai, China. The company had provided 240 MW of its high-efficiency ASTRO Series modules for this facility. These modules are efficient, reliable and are highly adaptable to diverse environmental conditions, especially high-altitude, the company added. Recently, Astronergy had displayed its latest TOPCon 4.0 technology-based product offerings for residential and utility applications at the SNEC 2024 event in Shanghai (see Astronergy’s TOPCon 4.0 module portfolio on display at SNEC 2024).

GCL Technology releases H1 2024 performance forecast: Leading global supplier of polysilicon based out of China, GCL Technology, released its 2024 first-half performance forecast. As per the forecast, the company is expected to incur a net loss of about RMB 1.45 billion ($0.2 billion). The main reason for the loss, the company said, is the sharp drop in the prices of polysilicon and silicon wafer products in the first half of the year, as well as the inventory impairment caused by the decline in product prices.

Chinese module bidding prices fall below RMB 0.7/W: Chinese energy developer Guangdong Electric Power Development Co., Ltd., announced the shortlisted candidates for its 335 MW of solar module procurement in 2024. Here are the details:

·        Section 1 involved the procurement of 150 MW of 182 n-type modules, each with a minimum front-side power output of 580Wp. Hunan Redsolar emerged as the winner with a competitive bid of RMB 0.698/W ($0.0978/W), closely followed by Astronergy, which submitted a bid of RMB 0.720/W ($0.1009/W).

·        Section 2 focused on securing 185 MW of 210 n-type modules, which required a minimum front-side power of 700Wp. Trina Solar bagged the top spot in this category with a bid of RMB 0.755/W ($0.1058/W), while Tongwei Solar was marginally behind with a bid of RMB 0.756/W ($0.1058/W).

JinkoSolar to supply liquid cooling for Qinghai ESS plant: Module supplier JinkoSolar said that it will be providing its two-hour liquid-cooling energy storage system (ESS), SunTera, for an ESS plant in Qinghai. SunTera G2 adopts an advanced intelligent liquid cooling system to regulate the temperature. The liquid-cooling-flow design controls the operating temperature difference of the ESS within 2.5° Celsius, enabling the system to handle higher thermal loads while maintaining a low-temperature operation, the company added. Recently JinkoSolar supplied its TOPCon panels & BESS for a Japan project (see China PV News Snippets).

SPIC subsidiary's 700 MW Saudi PV plant begins operation: State Power Investment Corporation (SPIC) announced that the 700 MW solar PV plant in Saudi Arabia, which has been developed by its subsidiary, Huanghe Hydropower Development Co., Ltd. (Huanghe Hydropower), has successfully passed the acceptance test by the Saudi Power Procurement Company (SPPC). It has now achieved full-capacity production, officially entering commercial operation. Located in the Al Qassim region of Saudi Arabia, this plant is a key renewable energy project supported by the Saudi government's Vision 2030 and Green Saudi initiatives.

DAS Solar terminates IPO: Chinese solar PV module and cell supplier DAS Solar said that it has terminated its initial public offering (IPO). It was in December 2023 that the company had submitted its IPO application to list on the ChiNext board of the Shenzhen Stock Exchange. The Shenzhen Stock Exchange announced that due to the withdrawal of the sponsorship application by DAS Solar's IPO sponsor, Guojin Securities, the review of DAS Solar's IPO application for listing on the ChiNext board has been terminated. As per its prospectus, DAS Solar's revenue from 2021 to 2024 was RMB 1.89 billion ($264.01 million), RMB 8.60 billion ($1.20 billion), and RMB 22.72 billion ($3.17 billion), respectively, with net profits attributable to the parent company of RMB -147.06 million (-$20.49 million), RMB 203.26 million ($28.34 million), and RMB 459.87 million ($64.09 million). The company had even planned to invest RMB 5.31 billion ($740.53 million) in a 14 GW n-type TOPCon cells and a 20 GW modules facility, taking RMB 2 billion ($278.82 million) from the funds that it expected to raise from the IPO.