The TaiyangNews Webinar on Solar Market 2024 Review & 2025 Outlook will have Sonia Dunlop, CEO of Global Solar Council, speak on the topic: Global Challenges & Solutions Facing The Global Solar PV Sector: Policy, Standards, Markets.
Also, Jenny Chase, Lead Solar Analyst at BloombergNEF, will present BloombergNEF’s PV Market Outlook, January 2025.
The Webinar will take place on January 22, 2025, from 10:00 to 11:30 CET. You can register for free at this link: https://taiyangnews.info/our-events/taiyangnews-webinar-on-solar-market-2024-review-2025-outlook
Vertically integrated solar module manufacturer JA Solar has unveiled its latest DeepBlue 5.0 module, powered by the company's Bycium+ 5.0 cell technology. This advanced n-type passivated contact cell technology achieves an open-circuit voltage of up to 749 mV. The module manufacturing incorporates PII (Precision In-situ Interconnection), HDP (High-Density Packaging), UTG (Ultra-Transparent Glass Optimization), and CSE (Composite Structure Enhancement) technologies, enabling the DeepBlue 5.0 module to achieve a maximum efficiency of 24.8% and a power output of 670 W. JA Solar highlights the module’s 1st-year degradation of ≤ 1%, annual linear degradation of ≤ 0.4%, a bifaciality of 85%, and a temperature coefficient of -0.27%/°C.
In a recent development, a JA Solar subsidiary was among the 37 new names added to the UFLPA by the US Department of Homeland Security (see US Expands UFLPA Entity List By 37, Including JA Solar Subsidiary).
TrinaTracker, the tracker manufacturing subsidiary of Trinasolar, has obtained Bureau Veritas’ carbon footprint certification for its Vanguard-1P tracker. The certification covers the lifecycle carbon emissions of raw material acquisition and pre-processing, product manufacturing, and transportation. The certification confirms that the Vanguard-1P tracker’s greenhouse gas emission calculations comply with the ISO 14067:2018 standards for product carbon footprint quantification.
In December 2024, TrinaTracker’s SuperTrack tracking system’s power generation gain was validated by international third-party testing organization SGS (see China Solar PV News Snippets).
TBEA, a manufacturer of inverters and polysilicon and a developer of solar PV projects, has forecast a net profit of RMB 3.9 billion ($548.75 million) to RMB 4.3 billion ($605.07 million) for FY2024, representing a year-on-year (YoY) decrease of 59.81% to 63.55% from RMB 16.9 billion ($2.38 billion) in FY2023. The company attributed the decline primarily to a significant drop in polysilicon prices. Additionally, changes in the coal supply-demand dynamics in Xinjiang led to lower coal prices, reducing the profitability of its coal business. The company also recorded asset impairments related to polysilicon production, byproducts, and four self-operated photovoltaic power plants.
In a recent release, leading solar PV and ESS manufacturer JinkoSolar forecasts FY2024 net profit attributable to shareholders of RMB 80 million ($11.26 million) to 120 million ($16.89 million), a YoY decrease of 98.39% to 98.92%. The company cited a continuous decline in solar module bidding prices throughout the year, coupled with trade protection policies in some overseas markets, which further squeezed profit margins. Low-margin orders led to reduced gross profit, while factors such as the phasing out of outdated capacity and fire-related incidents further impacted its performance.
JinkoSolar expects the current capacity situation in the PV industry to improve rapidly in 2025, with supply chain prices stabilizing and the market balance accelerating.
Recently, JinkoSolar achieved an improved ESG score in S&P Global’s Corporate Sustainability Assessment results (see China Solar PV News Snippets).
China-based Ningbo Fuda Co., Ltd. (Ningbo Fuda), a commercial real estate operator and cement manufacturer, has announced plans to acquire a minimum of 45% equity in Ningbo Jinxin Electronic Materials Co., Ltd. (Jinxin Materials) through a cash transaction. With the voting rights thus obtained, Ningbo Fuda aims to make Jinxin Materials a controlling subsidiary.
Jinxin Materials specializes in solar PV and electronic materials, with a core focus on front-side silver powders for solar cells – a critical component for conductive silver paste production. Ningbo Fuda stated that this acquisition would facilitate its entry into the solar silver powder market.
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