China Solar PV News Snippets

Microquanta launches world’s ‘1^st’ Perovskite-Fishery Solar Project in Zhejiang; Drinda, Akcome and Pacific Quartz release business forecast for H1/2023.

Perovskite-fishery project: Chinese perovskite company Microquanta has announced grid connecting the world’s ‘1^st’ perovskite-fishery solar PV power station in China, and the company’s 5^th perovskite distributed power plant to have been successfully grid connected. Microquanta claims this is also the 1^st new commercial application of perovskite modules in the field of composite photovoltaics. Located in Quzhou city of Zhejiang province in a humid environment, the project has 260 kW installed capacity, comprising modules certified for their stability by the China Quality Certification Center (CQC) and the German Association of Electrical Engineers (VDE). Microquanta claims its perovskite modules come with an advanced encapsulation solution that makes them resistant to damage from moisture and oxygen.

H1/2023 for Drinda: Drinda expects to report net profit of RMB 900 million to RMB 1,100 million for H1/2023, reflecting an annual jump of 230% to 300%, according to its business forecast for the period. It expects to have shipped 11.4 GW during this period with a 181% YoY increase. Of this, 4.84 GW were p-type PERC cells and remaining 6.56 GW comprised n-type TOPCon cells.

H1/2023 for Akcome: Akcome Technology expects to achieve profitability in H1/2023 with a net profit of RMB 42 million to RMB 63 million, as compared to the loss of -RMB 159 million last year. It attributes this growth to the company’s Zhangjiagang, Ganzhou, and Changxing production bases having come online, and prices of raw materials as solar wafers reduced.

H1/2023 for Pacific: Pacific Quartz has issued a business forecast for H1/2023 expecting its net profit for the period to range between RMB 2.29 billion to RMB 2.49 billion, growing by 693.53% to 765.26% on annual basis. Management says it saw rapid increase in demand for quartz materials used in PV industry to satisfy which it managed to roll out new production capacity.