China Solar PV News Snippets

JA Solar named RETC's Highest Achiever for the 5th time; Huasun & A2 Technologies sign HJT module deal; Drinda New Energy forecasts H1 2024 net loss; BOE to expand perovskite cell pilot line; Shuangliang forecasts H1 2024 net loss; JYT Corp to report H1 2024 net loss.

JA Solar named RETC's Highest Achiever for the 5^th time: Vertically integrated solar module manufacturer JA Solar has been named the Highest Achiever in RETC's 2024 PV Module Index for the 5^th consecutive year. The Renewable Energy Test Center (RETC) PV Module Index evaluates the performance, reliability, and quality of PV modules from leading manufacturers worldwide. JA Solar says that this recognition is a testament to its commitment to excellence and innovation. As of the end of Q1 2024, the company's cumulative PV module shipments totaled over 201 GW globally, with its products in use in residential, commercial, and utility-scale projects in more than 165 countries.

JA Solar recently forecast a net loss for the first 6 months of 2024 (see China Solar PV News Snippets).

JA Solar delays 20 GW monocrystalline pulling and slicing facility: JA Solar has announced a delay in the completion of its 20 GW monocrystalline pulling and slicing facility. Initially scheduled to complete construction in June 2024, the Baotou JA Solar (Phase III) facility is now set to complete construction a year later in June 2025. The company cites capacity planning and project construction delays as the reason for this postponement. The company had allocated RMB 2.7 billion ($371.02 million) for the construction of this facility out of a total of RMB 8.96 billion ($1.23 billion) it had raised in July 2023.

This news comes on the back of JA Solar recently breaking ground on its Baotou solar module facility (see China Solar PV News Snippets).

Huasun & A2 Technologies sign HJT module deal: Heterojunction (HJT) solar PV manufacturer Huasun Energy has announced that it has signed a module supply deal with A2 Technologies. The deal, signed after ASEAN Sustainable Energy Week Thailand 2024, involves the supply of Huasun's high-efficiency Himalaya G12-132 HJT modules for Thailand's diverse solar applications. A2 Technologies is an EPC leader in Asia, and the 2 companies aim to enhance their market presence in Asia-Pacific with this deal. Huasun's Himalaya G12-132 HJT modules feature 750.54 W of power and 24.16% efficiency, and are suitable for various applications including ground-mounted and floating PV systems.

Drinda New Energy forecasts net loss for H1 2024: JTPV's parent company Drinda New Energy has forecasted a net loss of RMB 90 million to RMB 180 million ($12.37 million to  $24.74 million) for the first half of 2024. This is a sharp decline from a profit of RMB 955.50 million ($131.36 million) for H1 2023. Drinda cites increased competition and profit declines across the PV industry chain as major factors impacting its performance. For the H1 2024 period, the company shipped 19.21 GW of solar cells, with n-type cells accounting for 85.5% of the total.

BOE to expand perovskite cell pilot line: A leader in the semiconductor display industry, BOE Technology Group has announced plans to invest RMB 871 million ($119.79 million) to construct a high-efficiency perovskite thin-film solar cell pilot line. To be invested through its subsidiary BOE Solar Technology, this pilot line would be an expansion of the high-efficiency perovskite thin-film solar cell R&D platform approved in May this year, with both facilities currently under construction.

Shuangliang forecasts net loss of up to RMB 1.28B for H1 2024: PV equipment and silicon wafer manufacturer Shuangliang has forecasted a net loss of RMB 1.03 billion to RMB 1.28 billion ($141.64 million to $176.02 million) for the first half of 2024. This is against a profit of RMB 617.95 million ($84.95 million) for the same period last year. The company blames a significant decrease in gross margin and increased provisions for inventory devaluation in its monocrystalline silicon business as the primary factors contributing to the losses.

JYT Corp to report up RMB 1.13B net loss for H1 2024: Silicon wafer manufacturer and solar power station developer JYT Corporation has announced that it expects to report a loss of RMB 756 million to RMB 1,130 million ($103.99 million to $155.37 million) for H1 2024. For the same period last year, the company had reported a profit of RMB 55.52 million ($7.63 million). The company attributes the negative results to intense market competition, continued price declines for silicon products, and a substantial increase in inventory depreciation.