Under the background of carbon neutrality, “new oil”, photovoltaics will be the first protagonist of future energy development

Foreword: In September last year, President Xi announced at the United Nations General Assembly: China’s carbon dioxide emissions will peak by 2030 and be carbon neutral by 2060. This solemn commitment demonstrates China’s role as a major country in actively responding to climate change and promoting the building of a community with a shared future for mankind. More than 190 countries around the world have once again formed a high degree of consensus to jointly tackle global climate change.

On September 10, the 2021 4th China International Photovoltaic Industry Summit Forum was successfully held in Chengdu, Sichuan. The chairman of Tongwei Group’s board of directors pointed out at the forum: “China has formed an annual photovoltaic system capacity of about 200GW, and the electricity generated by the products produced each year is equivalent to the equivalent of 100 million tons of oil. Photovoltaics is the background of carbon neutrality. The new oil, the future energy exporting country is very likely to turn from the Middle East to China, changing the world’s new energy landscape.”

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Need to balance economic development and environmental protection

As early as August 9, the latest climate analysis report issued by the United Nations pointed out that since the 19th century, humans have obtained energy through the burning of fossil fuels, resulting in global temperatures that are 1.1 degrees Celsius higher than the pre-industrial level. The temperature will continue to rise in ten years, and by then it may be 1.5 degrees Celsius higher than the pre-industrial level.

The report points out that at the end of this century, it is difficult to stabilize the climate at a temperature rise of 1.5 degrees Celsius before the level of industrialization and to achieve the goals of the Paris Agreement. To achieve the goals of the Paris Agreement, carbon dioxide emissions need to be significantly reduced in the next 10 years, and net zero emissions will be achieved by 2050. The Secretary-General of the United Nations therefore pointed out that this report is “a red alert for mankind. Before coal and fossil fuels destroy the earth, their death knell must be sounded!”

“Photovoltaics is the new oil”

At the beginning of this year, Sinopec proposed to build a “one base, two wings, three new” development pattern based on energy resources, with clean energy and synthetic materials as its two wings, and new energy, new economy, and new fields as important growth points. The investment in Fengyang Silicon Valley Intelligent Co., Ltd. is in line with Sinopec’s development direction of “building the world’s leading clean energy chemical company”. It has both financial investment and industrial synergy, and will help Sinopec to take greater steps in new energy and new fields. In addition to Sinopec, large domestic and foreign oil companies have plans to deploy in the field of new energy such as solar energy, and domestic PetroChina and CNOOC are also deploying in the field of new energy. There are more oil companies deploying new energy overseas, and world-class oil companies such as Total, Shell, and BP are all involved in this.

Research and analysis have shown that photovoltaics are the new oil under the background of carbon neutrality. In the future, the major energy exporting countries are likely to switch from the Middle East to China, changing the world’s new energy pattern. This is why the oil giants are so interested in photovoltaics?

As the cost of photovoltaic power generation is reduced to the stage of parity, the global photovoltaic power generation industry is about to enter a new round of stable growth, and photovoltaic power generation will gradually become an important energy supply method. Before the fossil fuel market begins to shrink, Chinese oil companies need to use fossil energy profits to invest in clean energy fields such as photovoltaics to cope with changes in the future energy supply pattern and avoid becoming a single industrial raw material provider.

With the acceleration of the reform of China’s power system, oil companies have the conditions to become power suppliers; oil companies have the space resource endowment to develop the photovoltaic industry, and oil companies can take advantage of the synergy of the industrial chain.

Photovoltaic will be the first protagonist of future energy development

Among the technological paths that can be seen in the next few decades, photovoltaics are relatively inexhaustible, with unlimited resources, high conversion efficiency, short paths, and high use efficiency. They will become the first protagonist of carbon neutrality. Some say it will account for 40% of the future energy composition, and some say it will reach 80%. There is a high probability that 60% to 80% will be provided by photovoltaics. At the same time, with the sound development of China’s photovoltaic industry itself and the resolute implementation of government departments, coupled with a virtuous economic cycle, China’s dual carbon goal may be achieved 5 to 10 years ahead of schedule with the joint efforts of everyone. Photovoltaics is the new oil in the context of carbon neutrality. In the future, major energy exporting countries are likely to switch from the Middle East to China, changing the world’s new energy pattern.

Therefore, photovoltaic power generation has become the most economical power generation method in many countries and regions around the world. It has the conditions for large-scale application and gradually replaces fossil energy, and will become the first protagonist of future energy development.

Posted by Carrie Wong | WSL Solar

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.


Source of origin: https://www.wsl-solar.com/Industry_News/2021/0923/photovoltaics-the-first-protagonist-of-f.html

The National Green Power Trading Pilot in China

The first day of the national green power trading pilot: the average price increased by 2.7 cents/kWh, wind power and photovoltaics welcome major benefits!

China Power Grid learned that on September 7, under the guidance of the National Development and Reform Commission and the National Energy Administration, the State Grid Corporation of China and China Southern Power Grid jointly organized a green power trading pilot kick-off meeting, which opened up a new model of green power consumption in China. It is an important measure to implement “carbon peak and carbon neutrality” based on market mechanism innovation.

A number of industry-leading companies from Shanghai, such as BASF, Covestro, Schneider, and Guoji Electronics, took the lead and signed a blockbuster order to purchase Ningxia 2022-2026 for five consecutive years, totaling 1.53 billion kilowatt-hours of photovoltaic power, and completed The first batch of cross-provincial and cross-regional transactions after the opening of the national green power transaction.

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It is understood that green electricity is mainly electricity converted from renewable energy sources such as wind energy and solar energy. The carbon emissions of these electricity are zero or nearly zero. Green power transactions are mid- to long-term transactions that target green power products such as wind power and photovoltaics.

In today’s “dual carbon” context, the demand for green energy consumption by enterprises is increasing, and the State Grid and China Southern Power Grid have therefore introduced green power trading policies. Different from the general electricity transaction, the environmental value of the electricity after the green electricity transaction is delivered simultaneously, and the traceable green electricity consumption certification is provided.

Insiders pointed out that this green power transaction is to set up a new type of transaction in the power transaction, breaking the homogenization of electricity, creating a single trading market for green power, and setting a separate price for the environmental attributes of green power.

China Power Network checked public information and found that in the first green power transaction launched on September 7th, a total of 259 market entities from 17 provinces participated in the transaction, which reached 7.935 billion kilowatt-hours of electricity. Among them, the electricity traded in the operating area of the State Grid Corporation of China was 6.898 billion kwh, and the electricity traded in the operating area of the China Southern Power Grid was 1.037 billion kwh. This green power transaction is expected to reduce the burning of standard coal by 2.436 million tons and the emission of carbon dioxide by 6.0718 million tons.

Previously, the National Development and Reform Commission has stated that the market entities participating in green power transactions have recently focused on wind power and photovoltaic power generation, and have gradually expanded to other renewable energy sources such as hydropower. Green power transactions will give priority to fully market-oriented green power on the Internet. At the initial stage of the pilot, it is planned to select regions with strong green power consumption willingness. After the pilot work starts, other willing regions will also provide active support in the future. If some provinces have a limited scale of fully market-oriented green electricity in the early stage of the market, they can consider purchasing government subsidies and guaranteed purchase of green electricity from power grid companies.

How do companies join the green power transaction? China Southern Power Grid stated: “As long as the company meets the power market access requirements of the province and region where it is located, after completing the registration at the local power trading center, power users and power sales companies can purchase monthly or more monthly power from wind power and photovoltaic companies, or sign contracts for multiple years. The transaction contract will lock the ownership of green power in advance, and obtain a nationally certified green power consumption certificate.”

China Power Grid noted that, according to China Southern Power Grid, in the southern region’s green power transaction, wind power and photovoltaic power were 300 million kWh and 610 million kWh respectively. The transaction price that reflects the environmental value is at the current price of wind power and photovoltaic power. Based on the average increase of 2.7 cents/kWh. In the next ten years, wind power and photovoltaic power in the southern region will usher in explosive growth. It is estimated that 100 million kilowatts of new installed capacity will be added every five years. By 2030, the installed capacity of new energy will reach 250 million kilowatts, which will become the dominant power source in the southern region.

Industry insiders believe that with the normalization of green power market transactions and the gradual establishment of related mechanisms, more and more new energy will be traded in the green power market, which will surely further increase the level of new energy consumption and promote development, which effectively promotes the construction of a new power market system with new energy as the mainstay, which is even more beneficial to new energy companies.

Posted by Carrie Wong | WSL Solar

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.


Original source from https://www.wsl-solar.com/Industry_News/2021/0910/the-national-green-power-trading-pilot.html

The price of silicon material has exceeded 200RMB/kg, cannot stop at all!

According to the latest silicon material transaction price of the Silicon Industry Branch, the domestic silicon material price continues to rise and cannot stop at all!

Among them, the domestic single crystal compound feed price range is 200-205 RMB/kg, and the average transaction price is 202.7 RMB/kg, officially breaking the 200 RMB/kg mark!

Data shows that at the beginning of the year, the average domestic transaction price of single crystal double-investment materials was 87.6 RMB/kg, which is already high compared to 2020. Mainly due to the overhaul and natural disasters suffered by some silicon companies last year, and the production capacity has declined.

However, under the guidance of the large-scale rush for installation at the end of the year and the goal of carbon neutrality, downstream companies have expanded their production capacity to meet market demand, but have neglected the silicon material production capacity.

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On the one hand, the price of silicon material has not been high in the past few years, and the life of the company is also tight. Except for Tongwei, other companies have almost no plans for large-scale expansion; on the other hand, the construction period of silicon material production capacity is longer. Even if it expands production synchronously with downstream companies, the start-up date will lag a lot. Together, it exacerbated the shortage of silicon materials.

On the whole, this year’s silicon material price increase is actually another interpretation of the price increase of photovoltaic glass in 2020. However, compared with photovoltaic glass, the price increase of silicon materials this time is more serious in terms of scope and depth.

At present, TBEA, Dongfang Hope and other companies are actively expanding production. The latter’s expansion project has an annual production capacity of even as high as 250,000 tons. After it is put into production, it will definitely alleviate the predicament of this silicon material price increase. However, as mentioned above, the construction cycle of silicon material production capacity is longer, and if the price of silicon material is to return to the era of double digits per kilogram, I am afraid that it will have to wait until 2022 at the earliest.

Posted by Carrie Wong | WSL Solar

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.


Source from https://www.wsl-solar.com/Industry_News/2021/0602/silicon-material-price-continues-to-rise.html

Volkswagen & Didi Enter the Photovoltaic Industry

According to foreign media reports, Volkswagen, one of the world’s largest automobile groups, plans to invest 40 million euros to build solar and wind power plants in Europe by 2025. In this regard, Volkswagen CEO Brandstadt said that this move is mainly to meet the additional demand for renewable energy from electric vehicles.

According to Volkswagen’s previously announced plans, 70 electric vehicles (including Audi, Porsche and other models) will be launched in the next 10 years, which naturally involves the issue of electric vehicles. As one of the world’s largest car companies, Volkswagen has already expanded its layout in the photovoltaic field.

As early as 2017, Asia Clean Energy Capital signed a 4.3MW distributed photovoltaic power generation system service agreement with Volkswagen FAW Engine (Dalian) Co., Ltd. The former will be responsible for the investment, construction and operation and maintenance of photovoltaic power generation projects, while the latter will be purchased at an agreed price in order to achieve better energy conservation and environmental protection.

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In addition, SAIC Volkswagen, another joint venture of Volkswagen in China, has also built a number of distributed photovoltaic power generation. Its luxury brand Audi also proposed a plan to use photovoltaic storage to supplement the energy of electric vehicles.

The establishment of solar and wind power plants in Europe this time is just another deployment of Volkswagen in the field of renewable energy, and it also indicates that traditional car companies are actively moving towards clean energy.

Coincidentally. Recently, news has also revealed that Xiaoju Energy, a subsidiary of Didi, is hiring talents and experts in the fields of photovoltaics and energy storage. Obviously, Didi is also exploring new businesses in the photovoltaic field.

It is reported that Xiaoju Energy is positioned as an energy retail platform, covering multiple energy forms such as refueling, charging, gas refueling, photovoltaics, and energy storage. In the future, it will build a “TOP1 energy platform and an energy company integrating upstream and downstream industrial chains.”

On the one hand, Didi has already used a large number of electric vehicles to replace petrol vehicles in its operations; on the other hand, Didi is also cooperating with car companies, which will produce customized electric models based on Didi’s car needs. After a long period of operation , There will be a large number of power batteries retired, which can be used in the field of energy storage.

It can be seen that Xiaoju Energy will build a closed loop of photovoltaic power generation, power batteries for energy storage, and supplementary energy for its operating electric vehicles, thereby transforming to renewable energy, and at the same time creating a more complete travel ecology from the travel end to the upstream. .

After photovoltaics entered the era of parity, not only leading companies have expanded their production, but Didi and Volkswagen, which is famous for its fuel vehicles, have also entered photovoltaics, hoping to reduce carbon emissions and contribute to carbon neutrality. It can be seen that photovoltaic is indeed an important option for renewable energy at the moment, or it will attract more companies to expand in the photovoltaic field.

Posted by Carrie Wong | WSL Solar

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.


Original source from https://www.wsl-solar.com/Industry_News/2021/0507/Volkswagen-Didi-enter-photovoltaic-indus.html

Both Revenue and Shipment Growth Are Not as Good as Longi, JinkoSolar Intends to Split Back to A

A few days ago, JinkoSolar announced its fourth quarter and full-year financial report for 2020.

According to the financial report, JinkoSolar’s module shipments in 2020 were 18.771GW, a year-on-year increase of 31.4%; total revenue reached 5.38 billion U.S. dollars (about 35.27 billion yuan), a year-on-year increase of 18.1%. Achieved both solar modules and revenue growth, with outstanding results.

As a leading photovoltaic company, JinkoSolar has profound knowledge in solar monocrystalline silicon wafers, high-efficiency solar cells and solar modules, and has strong vertical integration capabilities. In 2010, JinkoSolar was listed on the U.S. stock market. After obtaining capital, it entered a rapid development path, and its production capacity and sales continued to increase.

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In 2016, JinkoSolar reached the top module shipment champion for the first time, and it continued into 2019, until it was overtaken by Longi in 2020. In this regard, OFweek Solar Photovoltaic Network believes that JinkoSolar is mainly missing the Chinese market where new installed capacity will increase by 60% year-on-year in 2020.

JinkoSolar also announced in 2020 that the board of directors has approved its subsidiary Jiangxi Jinko’s strategic plan to enter the Chinese capital market. This move will provide a strong impetus for JinkoSolar’s business development. According to industry insiders, as photovoltaics enter the era of parity, my country’s newly installed photovoltaic capacity will remain at 50-70GW during the “14th Five-Year Plan” period, making greater contributions to achieving the goal of carbon neutrality.

If JinkoSolar can obtain higher revenue in the Chinese market, it will definitely help the company’s performance. However, compared to LONGi, which is “downstream” from the leader in silicon wafers, JinkoSolar has achieved double growth in solar modules and revenue, but according to its production capacity plan, the production capacity of solar modules is higher than that of silicon wafers and solar cells. Production capacity, so it may be necessary to purchase silicon wafers and solar cells in the future, which will affect its gross profit margin.

In terms of profit, JinkoSolar’s 2020 gross profit was USD 945.8 million (approximately RMB 6.2 billion), a year-on-year increase of 13.6%. The performance forecast released by Longi shows that the company’s net profit for 2020 is 8.2 billion to 8.6 billion yuan, an increase of 55.30% to 62.88% year-on-year, which is significantly higher than that of JinkoSolar.

Therefore, although JinkoSolar has achieved good results in 2020 and has performed very well in other major photovoltaic markets around the world, its current profits and solar module shipments are not as good as LONGi’s. It wants to rely on the Chinese market to achieve overtake. It is necessary to actively extend the upstream and downstream industrial chain to increase revenue and reduce costs, and achieve profit growth.

Posted by Carrie Wong | WSL Solar

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.


Source from: https://www.wsl-solar.com/Industry_News/2021/0414/JinkoSolar-2021.html

The Price of Silicon Material is not Panic, or Other Solar Cell Opportunities

Since last year, the industry thought that silicon materials would increase in price, and finally began to “grab the show” in the near future. Data show that the price of polysilicon materials has soared recently, and the density of single crystal materials has risen by more than 10%.

This has overwhelmed the most closely related silicon wafer companies. Even though the wafers are processed into thin slices, they still cannot amortize costs and can only take the road of rising prices.

OFweek Veken believes that the price increase of silicon materials will eventually be transmitted to the modules, which will affect the annual photovoltaic installations in the short term. However, in the long run, it will certainly promote the development of other low-silicon, even non-silicon solar cells.

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At present, more attention is paid to thin-film solar cells and perovskite solar cells.

Among them, the thin-film battery is to prepare a layer of thin film into a solar battery, which uses very little silicon, making it easier to reduce costs. Although it sounds forward-looking, it is not far from our lives.

The more familiar American company First Solar is a photovoltaic company with profound knowledge in the field of thin-film cells. Its module shipments in 2020 have also entered the top ten, and it is also the photovoltaic company that is most hopeful of making a breakthrough in the field of thin-film cells.

Perovskite solar cells belong to the third generation of solar cells, and their advantages are high conversion efficiency upper limit and extremely low cost. However, the disadvantage is also very obvious, that is, the stability is poor. Although many scientific research teams have announced that they have developed perovskite solar cells with a conversion efficiency of more than 20%, they rarely mention key stability issues. Hope that as technology advances, a breakthrough will be made as soon as possible.

In the long run, photovoltaics still have a very broad room for growth in the future. Therefore, companies and scientific research teams need to make breakthroughs in different technical routes to achieve greater progress. The rise in the price of silicon materials this time is also an opportunity for the development of other solar cell technology routes.

Posted by Carrie Wong | WSL Solar

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.


Source from https://www.wsl-solar.com/Industry_News/2021/0301/rising-price-of-silicon-material.html

"Thirteenth Five-Year" Photovoltaic Development Report Card: Leading the Development of Global Industry

In 2020, the end of the year, the voice from the 2021 National Energy Work Conference is inspiring: the main goals and tasks of the “13th Five-Year Plan” have been successfully completed, and the construction of a clean, low-carbon, safe and efficient energy system has been accelerated. “Four revolutions, one cooperation” the new energy security strategy presents a new situation with deep roots and vitality.

Looking back at the past five years, the progress of China’s energy industry has been amazing: its independent guarantee capacity has always been maintained at more than 80%, and the relationship between supply and demand has continued to improve; the total energy consumption is controlled within 5 billion tons of standard coal, and the average annual growth rate is controlled at 3 % Or less, the economic and social development and the improvement of people’s livelihood and well-being are guaranteed at a relatively low growth rate… The photovoltaic industry has also delivered a brilliant report card.

At the beginning of the “13th Five-Year Plan”, according to the scale development indicators provided by the National Energy Administration, by the end of 2020, the installed capacity of solar power is expected to reach 160 million kilowatts, and the annual power generation will reach 170 billion kWh; The proportion in the structure is about 7%, the proportion in the newly-added power installation structure is about 15%, and the proportion in the national total power generation structure is about 2.5%.

It is worth noting that the country has also put forward clear indicators for solar power technology innovation. For example, the industrial conversion efficiency of monocrystalline silicon cells, polycrystalline silicon cells, and new thin-film solar cells reach 23%, 20%, and 20% respectively.

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During the 13th Five-Year Plan, China will deploy the solar power generation industry from four aspects:

1. Fully promote distributed photovoltaic power generation. Promote the comprehensive development and construction of distributed photovoltaic power generation systems in areas with construction conditions such as site, resources, nearby access, and local consumption.

2. Carry out the construction of photovoltaic power stations in an orderly manner. Focus on the western regions with good resource conditions, areas with large-scale access and local consumption capacity, combined with the planning of external transmission channels, orderly construct photovoltaic power station bases to ensure photovoltaic power consumption.

3. Actively promote the construction of solar thermal power stations. Focus on Qinghai, Gansu, Inner Mongolia and other western regions with good solar energy resources and relatively abundant unused land resources and water resources. Actively promote a number of solar thermal power station demonstration projects and build several million kilowatt-level solar thermal power generation demonstration bases.

4. Promote the utilization of solar heat. In 2020, the solar thermal utilization industry will form an industrial pattern of balanced development of manufacturing, system integration, and operation services, and a market layout dominated by civil hot water, heating and cooling, large-scale district heating, industrial and agricultural heating, etc.

During the “Thirteenth Five-Year Plan” period, China’s solar energy industry continued to make breakthroughs, intensively cultivated and innovated, and improved day by day, writing a colorful development picture:

Complete the installation target two years ahead of schedule

During the “Thirteenth Five-Year Plan” period, thanks to the continuous rapid growth of electricity load, the continuous optimization of the construction layout of renewable energy projects, and the continuous strengthening of the assessment of power grid dispatching operation, the installed scale of photovoltaic power generation has been growing rapidly, which has troubled the industry for a long time. The consumption problem of development is gradually alleviating.

According to statistics from the National Energy Administration, by the end of 2017, China’s cumulative installed capacity of photovoltaic power generation was 130 million kilowatts, achieving the “13th Five-Year Plan” guiding target for photovoltaic installation ahead of schedule. As of the end of October 2020, China’s installed photovoltaic power generation capacity has reached 228 million kilowatts, which has more than doubled the goal of the 13th Five-Year Plan. Its newly installed capacity has remained the world’s largest for eight consecutive years, significantly exceeding the industry’s expected.

At the same time, the utilization rate of photovoltaic power generation in China reached 98.3%, a year-on-year increase of 0.2%, an increase of 9% from the end of the “12th Five-Year Plan” period. The consumption situation continued to improve, providing strong support for the promotion of high-quality energy development.

From “two ends outside” to a global leader

According to industry statistics, in 2020, China’s global production capacity for polysilicon, silicon wafers, solar cells and modules will account for 69.0%, 93.7%, 77.7% and 69.2% of the global production capacity, an increase of 7.2% respectively. 4. 2.9, 4.0 and 0.9 percentage points, product production capacity and output ranked first in the world, has become one of the main driving forces for the development of the global photovoltaic industry.

With the rapid growth of installed capacity, the conversion efficiency of solar cells and modules in China’s photovoltaic industry is also constantly updating records. As of the end of 2019, the average conversion efficiency of large-scale mono-polycrystalline cells has increased by about 4 and 3 percentage points respectively compared with 2015. The average conversion efficiency of advanced cells such as heterojunction has reached 23.0%, and a number of technological innovations lead the world Industrial Development. China’s photovoltaic industry has gradually transformed from a world processing base with “two ends outside” to a global photovoltaic development and innovative manufacturing base for the entire industry chain.

In addition, during the “13th Five-Year Plan” period, China’s solar thermal power generation industry has also achieved great development. Since the National Energy Administration announced the first batch of solar thermal power generation demonstration projects in 2016, the development of China’s solar thermal power generation industry has been accelerating. As of the end of 2019, the cumulative installed capacity of 420,000 kilowatts, accounting for 6% of the world, and nearly 300 related enterprises in the industry chain. At the same time, the Delingha 50MW CSP station, one of the first demonstration projects, achieved full-load operation, and its peak shaving depth and speed were significantly better than conventional thermal power plants.

Remarkable results in helping to fight poverty

Since the implementation of photovoltaic poverty alleviation in 2015, the national level has issued five batches of special construction scales or plans for photovoltaic poverty alleviation, and has given special support to photovoltaic poverty alleviation in the management of photovoltaic power generation scale, encouraging local areas to use commercial photovoltaic indicators to build photovoltaic poverty alleviation projects for photovoltaic poverty alleviation Make full preparations for the development planning path of the project.

With the joint efforts of all regions and departments, during the “13th Five-Year Plan” period, photovoltaic poverty alleviation has achieved remarkable results. Up to now, the construction tasks of photovoltaic poverty alleviation projects have been fully completed. A total of 26.36 million kilowatts of photovoltaic poverty alleviation power stations have been built, benefiting 60,000 poor villages and 4.15 million poor households. The annual electricity fee and subsidy income can be about 18 billion yuan. Photovoltaic poverty alleviation has become a new format for poverty-stricken counties to promote industrial poverty alleviation. The important industrial support for the collective economy of poor villages to “break zero” has made important contributions to China’s advancement of the 2020 goal of comprehensive poverty alleviation.

The “14th Five-Year Plan” is approaching, and under the guidance of the “30·60” carbon development goal, the new energy industry represented by the photovoltaic industry will occupy a more important position in China’s energy structure, and provide strong support for accelerating China’s “14th Five-Year Plan” and even longer-term high-quality energy development.

Posted by Carrie Wong | WSL Solar

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.


Original source from https://www.wsl-solar.com/Industry_News/2021/0114/China-Photovoltaic-Development-Report.html

The Photovoltaic Industry in 2020 – the Stock Price Skyrocketed, and the Price of Photovoltaic Glass Risen

2020 is the final year of the 13th Five-Year Plan, and it is also a very tortuous year. At the beginning of the year, under the influence of the COVID-19 epidemic, many industries have stalled. With the concerted efforts of the people across the country, the economy has begun to recover, and future-oriented renewable energy has also returned to the fast lane of rapid development.

As of the end of October 2020, China’s cumulative installed capacity of photovoltaics has exceeded 230GW, and it is expected that this year’s new installed capacity will be 35GW, an increase of approximately 14% compared to 30.1GW in 2019. Behind the contrarian growth, China’s photovoltaic industry is also quietly ushering in changes.

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New installed capacity grows against the trend

Since the peak of 53.06GW in 2017, China’s newly installed photovoltaic capacity has been declining in the past two years. Especially from 2018 to 2019, the decline has exceeded 30%, making companies and investors more inclined to the development of photovoltaic industry Yu conservative.

However, in 2020, when photovoltaics are not optimistic, the estimated new installed capacity will increase by about 5GW compared to 2019, which exceeds market expectations and paves the way for the re-emergence of the photovoltaic industry. With the continuous decline of module prices, photovoltaics have also entered the protagonist stage with independent vitality from the stage of subsidy profitability.

Specifically, in 2020, distributed photovoltaics will usher in an outbreak. According to data released by the National Energy Administration, China’s newly installed distributed photovoltaic installations in the first November of this year have exceeded 10GW. In addition to the December installation data, it is expected to be 12GW. About one-third of the annual new installed capacity.

Recently, many cities in China have issued subsidy policies for household photovoltaics for up to 5 years. This move will stimulate further growth in the installed capacity of distributed photovoltaics, allowing photovoltaics to truly enter thousands of households and accelerate
photovoltaics to become the ultimate goal of conventional energy.

The market value of photovoltaic companies has skyrocketed

In November 2020, the share prices of Chinese new energy car companies rose sharply, BYD’s market value surpassed Volkswagen, and Weilai Automobile’s market value surpassed BMW. In fact, photovoltaic companies that have received less attention from the outside world have performed equally well.
On July 24, the market value of Longji, a leading photovoltaic company in China, exceeded 200 billion, on October 9 it exceeded 300 billion, and on December 23 it exceeded 350 billion, making it the highest photovoltaic company ever. The stock price also rose from 24 yuan at the beginning of the year to around 93 yuan. The market value of Tongwei shares in second place also officially exceeded 100 billion on July 21.

In addition to component companies, the market value of the supporting supplier Sungrow exceeded 100 billion on December 23, becoming the first inverter company with a market value of over 100 billion.

This situation may make the outside world puzzled, but the internal logic is also very simple, that is, revenue has risen sharply. In addition to the three companies mentioned above, the revenue of most photovoltaic companies in the first three quarters of this year has approached or even exceeded the revenue of the entire year of 2019. The performance is very eye-catching. It is not surprising that the stock price and market value have soared.

The battle for leading companies

In the past ten years, the technical routes taken by Chinese photovoltaic companies have not been consistent, and the differences in market layout have made it difficult for them to form an absolute advantage, and the module shipment champion has changed several times.

In 2011, China’s photovoltaic enterprise module shipment champion was Wuxi Suntech, 2012-2013 Yingli Group, 2014-2015 Trina Solar, 2016-2019 JinkoSolar won the module shipment champion for four consecutive years , Its position is not stable.

By 2020, according to JinkoSolar’s ​​CEO, Mr. Kangping Chen, when he released the third quarter financial report, JinkoSolar’s ​​total solar module shipments in 2020 will be in the range of 18.5GW to 19GW. Although there is more than 30% improvement compared to 2019, it is very likely to give up the championship position this year.

Longi announced in early December that this year’s module shipments have exceeded 20GW, exceeding JinkoSolar’s estimated total shipments, and annual shipments will be higher than 20GW. It is worth mentioning that LONGi’s module shipments in 2019 were only 9.0GW, and shipments in 2020 will increase by at least 120%.

This is inseparable from the high emphasis on technology. A few years ago, LONGi was positioned to develop monocrystalline cells. In 2017, its monocrystalline PERC cell conversion efficiency reached 23.26%, which was the industry’s leading level at that time. Since then, LONGi has made persistent efforts to increase the front conversion efficiency of single crystal double-sided PERC cells to 24.06% in early 2019, setting a world record.

This makes LONGi modules so popular in the market that they have achieved the surge in module shipments today. According to the calculation of the production capacity currently under construction and planning of LONGi, LONGi’s module shipment volume is expected to exceed 30GW in 2021 and continue to maintain rapid growth.

The price of photovoltaic glass unexpectedly soared

With the efforts of photovoltaic companies, the price of photovoltaic modules has shown a downward trend year by year. However, this year due to the epidemic caused some factories to stop production, and the hidden danger of insufficient photovoltaic glass production capacity already exists. The high demand in the second half of the year, coupled with capacity restrictions, further aggravated the shortage of photovoltaic glass.

According to statistics, the average price of mainstream coated 3.2mm photovoltaic glass has risen from 26 yuan/m2 at the end of July to the current 43 yuan/m2, a full increase of 65%, which has caused serious damage to the photovoltaic industry. However, there is also another scene, that is, many companies announced their entry into photovoltaic glass, including Kibing Group, CLP Rainbow and other glass giants.

Based on the 18-month investment and construction cycle of photovoltaic glass, it is necessary to wait at least until the end of 2021 to solve the shortage of photovoltaic glass in China. At that time, the pattern of existing photovoltaic glass companies will also have an impact. Whether existing giants use scale production to maintain their advantages or reshuffle between giants is a major highlight of the photovoltaic glass industry in 2021.

Frequent huge long-term contracts

Troubled by the shortage of photovoltaic glass, major module companies are paying more and more attention to the supply of raw materials, and huge long-term contracts are frequently issued at the end of the year.

In August, Longi signed a polysilicon procurement contract with Asia Silicon Industry for an estimated amount of about 9.498 billion yuan. In December, its seven subsidiaries signed a contract with Xinte Energy for 5 years, and there was a lot of cooperation. In the 270,000 tons of polysilicon material contract, more than 20 billion will be spent in half a year.

In November, Trina Solar signed long-term contracts with Hongyuan New Materials, Changzhou Almaden and other companies with an estimated amount of over 24 billion yuan, covering monocrystalline silicon wafers, photovoltaic glass and polycrystalline silicon materials. Raw materials, silicon rods and slicing projects are also involved.

This move has benefited a lot from Asian Silicon Industry, Tongwei and other raw material companies. It has also stepped out of a dark horse, that is, CNC. This advanced machinery manufacturing and information technology company with a revenue of less than 1 billion for many years Hongyuan New Materials, a subsidiary of the company, signed a huge contract with a leading photovoltaic company, and its share price has risen six times in the past year. This situation has also attracted a large number of companies to set up subsidiaries to enter the photovoltaic industry, but I don’t know if they can replicate the success of CNC.

Write at the end

2020 will be full of challenges for the global economy and major industries, and the photovoltaic industry is not immune. Fortunately, the photovoltaic industry has withstood the test. Not only has China’s new photovoltaic installations resumed positive growth, but many other countries and regions have also returned to the right track in the second half of the year. With the global emphasis on renewable energy and the efforts of photovoltaic people, photovoltaics are bound to usher in greater development in the future and at the same time make greater contributions to the realization of global carbon neutrality.

Posted by Carrie Wong | WSL Solar

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.


Original news from https://www.wsl-solar.com/Industry_News/2021/0107/The-Photovoltaic-Industry-in-2020.html

SPIC’s 100 Billion Clean Energy Investment Plan is Successively Implemented, and the Scale of Photovoltaic Reserves Surges 6.8GW+

Since the beginning of 2020, state-owned enterprises have accelerated their deployment of new energy projects such as wind power and solar photovoltaic. Among them, the State Power Investment Corporation is the most obvious. According to the State Power Investment Corporation’s 2020 development plan, this year plans to increase the proportion of clean energy to more than 54%. To achieve this goal, SPIC plans to invest in about 300 new projects in 2020, with a total investment of over 100 billion yuan.

                    WSL Solar – Manufacturer of Quality Custom Solar Panels

According to incomplete statistics, as of October 29, SPIC and its subsidiaries have successively signed 15 solar photovoltaic power generation projects. The total scale of solar photovoltaic projects exceeds 6.85GW, located in Henan, Shandong, Shanxi, Guangxi, Shaanxi, Guizhou, Yunnan, Hunan, Hubei, Jiangxi and Hebei 11 provinces.

As of the end of 2019, the total scale of photovoltaic power plants held by State Power Investment Corporation reached 19.3GW. In 2020, SPIC will continue to refresh this figure.

Posted by Carrie Wong | WSL Solar 

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006. 


Original from https://www.wsl-solar.com/Industry_News/2020/1102/SPIC-100-Billion-Clean-Energy-Investment.html

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