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.

https://www.wsl-solar.com

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

https://www.wsl-solar.com

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

Custom Solar Panel for Solar Street Light

WSL Solar has been a quality and professional manufacturer of custom solar panels and solar solution provider in China since 2006. With our in-house R&D team and management team for over 10 years’ experience in solar industry, we are able to design and develop a tailor-made solar panel in a variaty of size, shapes and outputs to meet our client’s specific requirement, and provide solution support start from initial product development stage.

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WSL Solar – Quality and Professional Manufacturer of Custom Solar Panels

WSL Solar has been a quality and professional manufacturer of custom solar panels and solar solution provider in China since 2006. With our in-house R&D team and management team for over 10 years’ experience in solar industry, we are able to design and develop a tailor-made solar panel in a variaty of size, shapes and outputs to meet our client’s specific requirement, and provide solution support start from initial product development stage.

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Good business relationship based on sincere cooperation and mutual benefits.

Thanks to all our customers for their great support. We will continue to control the quality and provide high efficient and quality custom solar panels, which is the best way for us to give back to customers.

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Custom Solar Panel – WSL Solar

5 Volt 1 Watt Solar Panel

Features:
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WSL Solar’s 5 volt 1 watt solar panel is built with the latest PERC monocrystalline solar cell. It is laminated by tempered glass, which is durable and robust. This custom solar panel is ideal for use in off grid applications such as solar powered LED lighting, IoT solar, solar traffic sign, small solar powered system etc.
 
Features:
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– Excellent performance under low light environments

Specification

Item No.WSL-C024
Dimension90x90x4.5mm
Peak Power (Pmax)1W
Voltage at Pmax (Vmp)5V
Current at Pmax (Imp)200mA
Open Circuit Voltage (Voc)6V
Short Circuit Current (Isc)220mA
Cell TypePERC Monocrystalline Solar Cell
Power Tolerance±5%
Encapsulation method3.2mm Tempered glass
Back sheetTPT
Product Warranty5 Years
Lead time25 Days
Storage temperature-20°C ~ 65°C
Working temperature-40°C ~ 85°C
Standard Test Conditions (STC)1000W/m2, 1.5AM, 25°C Cell temperature

View More Custom Solar Panels

5V Solar Panels   |  6V Solar Panels   |  9V Solar Panels

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

Poland’s Solar Photovoltaic Market Explodes, and Traditional Coal Industry is Under Threat

Recently, the unions of PGG, Poland ’s largest coal group, warned that if the government does not provide help, the coal industry will collapse due to falling demand. Poland relies heavily on coal-fired power generation and is the only EU member state that has not committed to zero carbon emissions by 2050. But in the face of increasing pressure from the EU to reduce emissions, Poland began to encourage investment in solar and offshore wind farms. The increase in the share of clean energy in power generation, the decline in power demand after the epidemic is closed to the city, and coal imports have exacerbated problems in the coal industry.

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The Polish government previously stated that the installed capacity of solar photovoltaics will reach 10.2GW in 2030 and 20.2GW in 2040. The Polish government also supports industrial and commercial and large-scale power plant projects through the renewable energy auction system. The new government regulations allow owners of solar photovoltaic systems of more than 50 kW to sell excess power. Growth in the industrial and commercial field will be particularly strong. At the same time, the promotion of rooftop solar photovoltaic incentives and corporate net measurement policies has stimulated the potential of the solar photovoltaic market. In 2019, solar power generation in Poland has risen sharply.

On the other hand, due to the increase in the price of carbon dioxide certificates, the impact of the increase in the price of European carbon dioxide emission quotas will seriously affect Poland ’s electricity prices, and coal is the most intensive energy source for carbon dioxide. Great power to promote the development of clean energy in Poland.

According to SolarPower Europe data, in 2019 Poland ranked fifth in the number of new photovoltaic installations among European countries, and it is only 300MW less than the fourth place in France. It is also unknown that it exceeds France. In early 2020, Bloomberg predicted that Poland will be one of the top ten global solar photovoltaic markets this year.

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.

https://www.wsl-solar.com

Latest Custom Solar Panel from WSL Solar | 6 Volt Solar Panel 3W

Features:
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6 Volt Solar Panel 3W

WSL Solar’s 6 Volt solar panel 3W is built with the latest PERC monocrystalline solar cell. It is laminated by tempered glass, which is durable and robust. This custom solar panel is ideal for use in off grid applications such as solar powered LED lighting, IoT solar, solar traffic sign, small solar powered system etc.

Features:
– With latest high efficiency PERC monocrystalline solar cell
– Positive power tolerance
– Tempered glass laminated, high transmission, durable & robust
– Withstanding challenging environmental conditions
– Waterproof, scratch resistant & UV resistant
– Excellent performance under low light environments

Specification

Item No.WSL-C023
Dimension120x160x4.5mm
Peak Power (Pmax)3W
Voltage at Pmax (Vmp)6V
Current at Pmax (Imp)0.5A
Open Circuit Voltage (Voc)7.2V
Short Circuit Current (Isc)0.55A
Cell TypePERC Monocrystalline Solar Cell
Power Tolerance±5%
Encapsulation method3.2mm Tempered glass
Back sheetTPT
Product Warranty5 Years
Lead time25 Days
Storage temperature-20°C ~ 65°C
Working temperature-40°C ~ 85°C
Standard Test Conditions (STC)1000W/m2, 1.5AM, 25°C Cell temperature

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

Tongwei’s 6 Billion Yuan to Expand 210 Technology Routes, Net Profit Increased by 30% Last Year

Recently, Tongwei released a fixed increase announcement and performance report.

On the evening of April 20th, Tongwei issued a fixed increase plan, with a planned funding of no more than 6 billion yuan, for projects with an annual output of 7.5GW high-efficiency crystalline silicon solar cell smart factory (Meishan Phase II) and other projects.

Tongwei ’s additional funds raised this time are mainly used to invest in the Meishan Phase II and Jintang Phase I annual production of 7.5GW high-efficiency crystalline silicon solar cell smart projects. The proposed investment funds are 2 billion yuan and 2.2 billion yuan respectively; It is intended to be used to supplement working capital.

The above two major projects are planned to be implemented by Tongwei Solar (Meishan) Co., Ltd. and a newly established subsidiary respectively. The project adopts 210 large-size PERC solar cell technology routes. Upon completion, it will form an annual production capacity of 7.5GW of high-efficiency crystalline silicon solar cells . According to estimates, the construction period of the project is 1 year, and the production capacity will reach 90% in the first year of production, and 100% in subsequent years.

The implementation of this fundraising project will further expand the company’s solar cell production capacity, enhance and consolidate the company’s leading position in the global solar cell field.

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Since this year, Tongwei has announced its capacity expansion plan several times, with a total planned investment of 30 billion yuan.

In February, Tongwei threw out the largest single investment in history, planning to build an annual output of 30GW high-efficiency solar cells and supporting projects in Chengdu Jintang at 20 billion yuan. In March, the company announced that it plans to invest in a 40,000-ton high-purity crystalline silicon project in Baoshan City, Yunnan Province, with a total investment of 4 billion yuan.

Tongwei takes agriculture and solar photovoltaic as its main business, and has formed a business model of “agriculture (fishery) + photovoltaic” resource integration and coordinated development. As of the end of 2019, Tongwei has formed a high-purity crystalline silicon production capacity of 80,000 tons, of which monocrystalline materials account for about 90%; solar cell production capacity is 20GW, of which high-efficiency monocrystalline solar cells are 17GW.

According to the development plan previously released by the company, by 2023, the cumulative production capacity of high-purity crystalline silicon will reach 220,000 to 290,000 tons, and the cumulative production capacity of solar cells will reach 80 to 100GW.

In 2019, Tongwei achieved net profit growth.

Tongwei disclosed its annual report on the evening of the 20th. In 2019, it achieved operating income of 37.555 billion yuan, an increase of 36.39% year-on-year; net profit of 2.635 billion yuan, an increase of 30.51% year-on-year.

The overall photovoltaic business revenue was 17.8 billion yuan, an increase of 74.52% year-on-year. Among them, the operating income of solar cells and solar modules reached 12.27 billion yuan, an increase of 60.56 year-on-year; the gross profit margin was 20.21%, an increase of 1.52% year-on-year; the operating income of high-purity crystalline silicon and chemicals was 5.17 billion yuan An increase of 56.11% year-on-year.

In terms of high-purity crystalline silicon: Tongwei has formed a high-purity crystalline silicon production capacity of 80,000 tons and an ongoing capacity of 75,000 tons. With single crystal materials accounting for about 90%, various consumption indicators and costs continue to decrease. The total production cost of the first-phase project and the first-phase project of Baotou is 60,000 tons and the production cost is less than 40,000 yuan / ton.

For solar cells: The current solar cell production capacity is 20GW, of which the high-efficiency monocrystalline solar cell is 17GW, ranking first in the world.

However, Tongwei’s first quarter results released at the same time are not optimistic. In the first quarter, Tongwei’s net profit attributable to shareholders of listed companies was 344 million yuan, a year-on-year decrease of 29.79%.

Tongwei’s net profit fell in the first quarter. According to analysis, there may be two reasons:

First, Tongwei’s business is not only photovoltaics, but agriculture and solar photovoltaics as the main business, “agriculture (fishery) + solar photovoltaic” resource integration, collaborative development business model, although the photovoltaic industry in the first quarter The impact is limited, but the negative factors of agricultural fisheries will also have a certain impact on its profitability.

Second, in Tongwei’s business, overseas orders account for a relatively small amount. According to the annual report, the operating income of overseas regions only accounts for 5.42% of the total operating income. In contrast, in the first quarter of the domestic epidemic, when overseas epidemics had not yet fully erupted, Tongwei, which had a large domestic sales volume, was severely damaged.

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.

https://www.wsl-solar.com