Photo voltaic Module Tremendous League (SMSL) member LONGi Inexperienced Vitality shipped 39.62GW of monocrystalline silicon wafers, of which 20.15GW was offered externally and 19.47GW for inside use, in accordance with its monetary outcomes for the primary half of the yr.
Shipments of monocrystalline modules reached 18.02GW, of which 17.7GW was offered externally (together with 87.35MW of BIPV modules) and 0.32GW was for self-use.
The corporate stated that import restrictions such because the Withhold Launch Order (WRO) on silicon merchandise from Hoshine Industries and its subsidiaries within the US had led it to regulate its working technique, “shifting the main target of gross sales to different key markets akin to Europe”.
It referenced elevated deployment targets within the European Union (EU) and India as key alternatives for the corporate transferring ahead, noting the EU’s upgraded REPowerEU plan and that the “Indian market imported virtually as many modules within the first quarter alone because it did all through the whole lot of 2021.”
Furthermore, in accordance with the announcement, LONGi achieved an working income of RMB50.417 billion (US$7.35 billion) within the first half of the yr, a year-on-year (YoY) enhance of 43.64%, whereas its internet revenue was RMB6.48 billion (US$940 million), up by 29.79% YoY. Internet revenue deducted from non-recurring beneficial properties and losses attributable to shareholders was RMB6.405 billion (US$930 million), up by 30.58% YoY.
TOPCon ‘transitionary’
Within the interim report, LONGi revealed info on its new cell expertise for the primary time.
LONGi stated: “The corporate has developed and reserved a wide range of new cell and module applied sciences, in search of breakthroughs within the n-type TOPCon, p-type TOPCon, n-type HJT and p-type HJT and different highly-efficient cell applied sciences, and in addition has developed a Hybrid Passivated Again Contact (HPBC) cell.”
The corporate stated it should proceed to advertise the mass manufacturing and transformation of latest highly-efficient cells and modules on the idea of excellent cost-performance and commercialisation in an effort to construct a differentiated product portfolio with long-term competitiveness.
LONGi is at the moment offering silicon wafers to facilitate new cell expertise analysis in addition to gear and supporting supplies as a assure for technical reserve and mass manufacturing when breakthroughs happen.
Beforehand, Zhenguo Li, president of LONGi, talked about in a public report that the theoretical most effectivity of mono silicon cells is 29.4%, the laboratory restrict effectivity is 28%, and the mass manufacturing effectivity is 26-27%. LONGi has been in search of the trail to succeed in 26%-27% with decrease value and is progressing properly with the plans.
When it comes to TOPCon, HJT and different n-type applied sciences, Li stated LONGi believed TOPCon expertise can be transitional as a result of its highest potential effectivity is simply 1% higher than present applied sciences, including that HPBC expertise has extra room for enchancment with regards to cell effectivity.
LONGi’s reported that its HPBCcapacity in Xixian, Henan province was initially 15GW however this has now been elevated to 29GW. With 4GW within the metropolis of Taizhou and 5GW in Yinchuan, the completely deliberate HPBC capability exceeds 40GW, with manufacturing anticipated to begin in This fall.
Li stated that when the corporate reaches a full capability of HPBC in 2023, it should ship 20-25GW of merchandise per yr. The HPBC expertise will substitute a part of the corporate’s PERC merchandise sooner or later distributed market. Nevertheless, PERC merchandise will nonetheless occupy a market share in particular or low-end markets.
Internal Mongolia provide chain buildout
On the similar time, LONGi is constructing out its provide chains in Internal Mongolia for the primary time, together with a 46GW mono silicon ingot facility, a 30GW high-efficiency mono cell mission and 5GW module mission in Ordos Zero-carbon Industrial Park. Tools at LONGi’s Ordos initiatives shall be put in by the top of Q2 2023.
Many Chinese language firms have been constructing out their provide chains in Internal Mongolia in response to import restrictions within the US and different main markets that accuse firms working within the area of Xinjiang of utilizing pressured labour to create a few of their merchandise.
In the meantime, China’s Photovoltaic Trade Affiliation has stated that the worldwide PV market growth could also be accelerated with anticipated instalments of 205-250GW for this yr, of which 85-100GW shall be in China.
LONGi stated that its mono silicon wafer cargo goal for 2022 is 90GW-100GW (together with self-use), whereas its module cargo goal stood at 50GW-60GW (together with self-use) and the annual goal of working income is RMB100 billion (US$14.58 billion) or extra.
