Photo voltaic module firms are greater than prepared to broaden manufacturing this 12 months, with new module mission bulletins from previous and new gamers persevering with to emerge.
Based on PV Tech statistics, the trade’s scale of latest module mission bulletins has exceeded 400GW this 12 months. Along with current trade leaders, there are extra newcomers and producers from different fields coming into the sector.
For the reason that starting of this 12 months, first-tier module producers represented by Jinko Photo voltaic, LONGi Inexperienced Vitality, Trina Photo voltaic and JA Photo voltaic have been actively investing in new capability to consolidate their market positions and seize alternatives introduced by the trade’s growth.
Amongst them, the enlargement scale of JinkoSolar is 39GW, LONGi Inexperienced Vitality 36GW, Trina Photo voltaic Vitality 25GW, JA Photo voltaic Expertise 15GW, CSI Photo voltaic 13GW, Risen Vitality 18GW and Chint Photo voltaic 18GW.
Based on the info disclosed in 2022 studies from JinkoSolar, LONGi, Trina Photo voltaic, JA Photo voltaic, CSI Photo voltaic and Risen Vitality, the deliberate capability of every firm can be 60GW, 85GW, 65GW, 50GW, 32GW and 30GW, respectively, by the tip of 2022. The six firms will attain 322GW in complete by the tip of the 12 months.
LONGi Inexperienced Vitality leads the pack with 85GW of deliberate capability. With the world’s largest module cargo final 12 months, LONGi is ready to broaden its capability quickly. However, the corporate has encountered extra challenges. Other than the necessity to surpass its earlier achievements, its module cargo rating can also be being challenged.
Jinko Photo voltaic has 39GW of manufacturing enlargement. Its module cargo additionally ranked first globally within the first and second quarters of this 12 months.
On the similar time, as a number one n-type TOPCon producer, Jinko has elevated the proportion of n-type product shipments within the first three quarters, contributing considerably to its general efficiency.
As a pacesetter in large-size merchandise, Trina Photo voltaic’s capability and cargo of 210 modules are among the many trade’s high place. Based on its enlargement plan, 210/210R will account for greater than 90% of the projected 50GW of cell and 65GW of module capability.
New gamers ramping up manufacturing
Because the PV trade embraces a number of new applied sciences, there are alternatives for brand new gamers to seize some market share from conventional giants.
Among the many newcomers, East Hope Group has attracted consideration with enormous investments in a 35GW module mission and different hyperlinks within the industrial chain.
In March, East Hope Group held a launching ceremony for its Ningxia Crystal New Vitality Supplies Challenge. The mission is a complete resolution that integrates new PV supplies, new vitality and agriculture-complementary solar energy stations on the upstream and downstream.
The entire funding of the mission is about RMB150 billion (US$20.7 billion). The primary part of the mission goals to construct an annual output of 125,000 tons of polysilicon, 145,000 tons of commercial silicon, 10GW of mono silicon, 10GW of slicing, 10GW of cells and 25GW of modules.
On July 4th, East Hope Group and Wuhai Municipal Authorities held a ceremony for his or her settlement signing process. Based on the settlement, East Hope Group plans to construct a PV industrial chain mission in Wuhai Metropolis, which incorporates 62,500 tons of polysilicon, 10GW of ingot pulling, 10GW of slicing, 10GW of cells and 10GW of module manufacturing services.
Additionally attracting consideration is Tongwei, the main world polysilicon and cell producer, which is marching into the module section.
In truth, Tongwei owns a module manufacturing plant with a capability of 6GW, solely it targeted on polysilicon and cell enterprise prior to now. The corporate has inherent benefits for module enterprise with refined manufacturing, value management and expertise.
Based mostly on these benefits, Tongwei’s module enterprise growth is extra easy than different newcomers. Whereas others are nonetheless planning, signing contracts and dealing on building, Tongwei has gained massive module orders, lots of that are from state-owned clients.
One other firm actively pushing ahead manufacturing enlargement is DAS Photo voltaic. Solely based 4 years in the past, the corporate has expanded 14GW of latest module capability this 12 months. On the similar time, it’s a chief in n-type TOPCon subject. Having acquired many orders this 12 months, DAS Photo voltaic has carried out excellently.
On the similar time, Shuangliang Eco-Vitality can also be increasing within the module section. Initially of 2021, it introduced plans to enter the silicon wafer enterprise.
As well as, second-tier firms have accelerated plans to advance manufacturing capability with a purpose to hold their present market share. For instance, Suntech and EGing have expanded 10GW, and Seraphim 8GW.
Increasing to satisfy worldwide demand
From the introduced statistics, the above-mentioned new and previous gamers have rolled out greater than 374GW of capability enlargement plans. And there are various official bulletins from different firms but to be counted in, which might attain the gigawatt degree. To date this 12 months’s newly added capability has exceeded 400GW in complete.
In fact, there could also be some variations throughout implementation regardless of the massive scale of planning. Many firms will implement their schemes in levels and the ultimate state of affairs will depend upon the implementation of every stage.
Information from the China Photovoltaic Trade Affiliation (CPIA) reveals that in 2021, China’s photo voltaic module capability was 350GW per 12 months, up by 59.1% year-on-year. Precise module manufacturing for the 12 months was 182GW, up by 46.1% from 2020.
From 2013 to 2021, China’s PV module manufacturing accounted for greater than 65% of the world’s complete, with a file excessive of over 76% in 2021.
With this 12 months’s enlargement tempo, it might be one other file 12 months. So what about world demand this 12 months?
Based on information launched by the Nationwide Vitality Administration, there have been 52.6GW of latest PV installations within the first three quarters of 2022. Beforehand, CPIA’s optimistic forecast for brand new PV installations in China this 12 months was 85-100GW.
By way of world demand, the Worldwide Vitality Company Photovoltaic Vitality Group (IEA PVPS) analysed that 173.5GW of latest PV methods have been put in globally in 2021, and this determine might rise to 260GW in 2022.
Bloomberg’s senior clear vitality analyst Rob Barnett predicted that world PV installations would improve by 30% this 12 months, reaching 250GW.
From the above figures, this 12 months’s world module provide and demand are very clear.
For the photo voltaic trade’s future set up and growth prospects, different establishments and trade leaders are all very optimistic.
Based on LONGi Photo voltaic Analysis Institute, by 2030, the world’s newly put in photo voltaic capability will attain 1,500-2,000GW. This can be ten occasions the variety of new installations in 2021.
