Henning Schulze, President, European Region at JA Solar, will be sharing the company’s Insights Into The Evolution And Future Trajectory of The PV Industry at the TaiyangNews Webinar on Solar Market 2024 Review & 2025 Outlook.
The Webinar will take place on January 22, 2025, from 10:00 to 11:30 CET. You can register for free at this link.
GCL Group company GCL Perovskite has announced that its tandem perovskite module measuring 2,048 cm² has achieved a record-breaking power conversion efficiency of 28.06%, as verified by the National Institute of Metrology of China. Earlier this month, the company’s single-junction perovskite module, with identical dimensions, achieved a record efficiency of 22.43%, setting another world record in the field (see China Solar PV News Snippets).
In its recently released 2024 performance forecast, solar panel maker Risen Energy expects its FY2024 revenue of RMB 200 billion ($27.46 billion) to RMB 210 billion ($28.83 billion), a year-on-year (YoY) decrease of 41% to 43%. The company expects a net loss of RMB 27 billion ($3.71 billion) to RMB 35 billion ($4.81 billion), compared to a profit of RMB 13.63 billion ($1.87 billion) in 2023.
Risen attributes this decline to a supply-demand mismatch in the solar PV market, leading to falling product prices. Risen Energy also recorded fixed asset impairments for its PERC cell and module production lines. Additionally, its n-type heterojunction (HJT) modules had a low shipment ratio, with their technical and scale advantages yet to materialize fully.
Earlier this month, Risen Energy announced that it won the bid for POWERCHINA’s 500 MW HJT module procurement for 2024 (see China Solar PV News Snippets).
Tongwei Co., Ltd., the parent company of Tongwei Solar, has forecast a net loss of RMB 70 billion ($9.61 billion) to RMB 75 billion ($10.30 billion) for FY2024. This marks a significant turnaround from its 2023 profit of RMB 13.57 billion ($1.86 billion).
The company attributed the loss to falling prices across the solar PV supply chain and long-term asset impairments and write-offs of approximately RMB 10 billion ($1.37 billion). Despite maintaining positive operating cash flow, Tongwei ended the year with a substantial net loss.
The ‘Maritime Supervision Measures for Offshore Solar PV Projects (Trial)’ issued by Lianyungang Maritime Safety Administration came into effect on January 20. It establishes guidelines for waterborne traffic management during the planning, construction, and operation of offshore solar PV projects.
The framework covers navigation, personnel, vessels, unit management, pollution prevention, and supervision, offering detailed standards and requirements for site planning, navigation safety, and pollution control. It is the first regulatory framework specifically addressing offshore solar PV projects in China, filling a gap in maritime regulatory standards for the sector.
According to the National Energy Administration (NEA), China’s total installed power generation capacity reached approximately 3.35 TW (AC) by the end of 2024, a YoY increase of 14.6%. Solar power capacity grew to about 886.67 GW, up 45.2%, while wind power capacity reached 520 GW, up 18.0%.
In 2024, China added an estimated 426.61 GW of power generation capacity, with solar accounting for 65% of the total, amounting to 277.17 GW, a 27.80% increase over 2023. This figure represents a new record for annual solar capacity additions. Wind power contributed 79.34 GW, a 4.53% YoY increase.
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