JA Photo voltaic is forecasting to ship as a lot as 40GW of modules this yr because it expects its n-type cell capability enlargement to ship subsequent yr.
The built-in photo voltaic producer revealed late final week that it expects to more-than-double internet revenue for H1 2022, rising to a spread of RMB1.6 – 1.8 billion (US$xx million) on the again of surging orders.
JA revealed it had shipped round 16GW of modules within the first half of this yr, with shipments for the total yr now anticipated to fall within the 35 – 40GW vary. It attributed the robust efficiency within the second quarter to surging demand in Europe which has maintained the next tolerance for sharply rising PV module costs as energy costs on the continent proceed to rise.
However the quarter was not with out its challenges, particularly the much-documented enhance in upstream costs and a scarcity of quartz that has additional exacerbated provide chain constraints, JA stated.
This, in flip, impacted on the profitability of module gross sales, JA stated. The affect of uncooked materials pricing, a lag between the supply worth and present market order worth and the necessity for JA to buy cells from third-party suppliers for module meeting all contributed in the direction of troublesome buying and selling situations.
Whereas JA stated it expects costs to ease within the second half of the yr, the producer can also be persevering with to carry extra cell manufacturing capability in home with the vast majority of this now being n-type.
A 1.3GW n-type cell facility is anticipated to be put into manufacturing by the tip of August, whereas an additional 5GW of n-type cell capability is slated to return into manufacturing round China’s Spring Competition.
Two 10GW cell tasks lined up for Qujing and Yangzhou are additionally anticipated to return into manufacturing subsequent yr, taking JA’s n-type cell capability to round 26GW.
In the meantime JA Photo voltaic additionally expects to kind a vertically built-in photo voltaic provide chain in Southeast Asia with capability for round 4GW.
