CPIA does not foresee more than 55 GW of new photovoltaic capacity this year – pv magazine International

The world’s largest solar market is expected to add between 45 and 55 GW of new solar power in 2021, the head of the China Photovoltaic Industry Association has revealed. In addition, Longi has further lowered the prices of its wafers, and Xinyi Solar has said it wants to build a new $ 942 million solar glass factory in Yunnan Province.

Wang Bohua, president of the China Photovoltaic Industry Association (CPIA), said on Wednesday that the outlook for new PV installations for 2021 has been lowered from 55-65 GW to 45-55 GW, due to rising commodity prices. However, the association expects a rebound in 2022, for which around 75 GW of new photovoltaic capacities are now planned. The CPIA also revealed that polysilicon production in China this year could reach 360,000 MT, up 24.1% from 2020, while wafer production is expected to increase by 54% to 165 GW. In addition, deliveries of solar cells and modules for 2021 have been estimated at 147 and 130 GW with growth of 55% and 59%, respectively.

Solar Manufacturer China Shuifa Singyes yesterday announced a strategic cooperation agreement with public energy company China Power International Development Ltd to develop 5 GW of solar power, smart power, energy saving and low carbon construction as well as wind energy projects. Hydrogen was also mentioned as part of a partnership that will see China Power purchase equipment from China Shuifa Singyes for projects that will include the use of a 400 MW solar farm in Zhonghe village, Chenzhou, Hunan, for a “PV plus” industrial facility.

Xinyi Solar solar panel glassmaker plans to alleviate the shortage of polysilicon for modules by setting up its own 6 billion RMB (942 million US $), 60,000 tons per year production line in Qujing City, Yunnan. The project will be managed by a joint venture in which float glass maker Xinyi Glass – whose majority shareholders also control Xinyi Solar – will own a 48% stake, with Xinyi Solar owning 52% and having the new Xinyi Silicon JV as a subsidiary. Under the terms of the deal, announced yesterday, Xinyi Solar will commit a maximum of 1.7 billion RMB (US $ 267 million) to the project and Xinyi Glass up to 1.6 billion RMB (US $ 251 million) US). The remaining funds will be sought outside. The project also benefits from administrative, land and permit support from the Qujing municipal government. Both Xinyi companies said the facility could potentially be expanded to 200,000 tonnes. The two-year construction period for the site is expected to begin within 60 days of obtaining land permits.

Solar manufacturer Longi reduced the prices of all its brochures via an update on the company website. Its G1 products, measuring 158.75mm, now cost RMB 5.85 (USD 0.91) per piece, down 5.6%, while 166mm M6 inserts are 5.4% cheaper, at 5.03 RMB. The price of M10 182mm inserts dropped 5.6% to 5.85 RMB per piece. At the end of November, Longi started cutting wafer prices for the first time in the past 18 months. Two days later, on December 2, China’s second-largest wafer supplier Zhonghuan Semiconductor significantly lowered prices for its wafers.

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