The PV capacity from January to July is 123.53 GW – SPE

The NEA said newly installed solar capacity reached 21.05 GW in July 2024, down 9.77% from the previous month. From January to July, cumulative new PV installations reached 123.53 GW. At the end of July, the country’s total installed power generation capacity was approximately 3.1 TW, an increase of 14% year-on-year. Solar power capacity alone was around 740 GW, up 49.8%, while wind power capacity was around 470 GW, up 19.8%.

China Huadian Group has completed its second round of tenders for PV modules for 2024, up to 16.03 GW. The tender includes three segments with n-type tunnel oxide passivated contact modules (TOPCon), n-type back contact modules and heterojunction modules (HJT). The first two segments are covered by a framework agreement with an expected delivery in June 2025, while delivery of the third segment is planned between September and November 2024.

NewU group said it will end its planned investment in a 20 GW solar inverter and bi-directional inverter manufacturing project. As of October 2023, the Shenzhen-listed company had committed approximately CNY460 million ($64.4 million) to construct a building in Jinxian County, Jiangxi Province. However, it cited a strategic reassessment and the need for prudent decision-making as reasons for abandoning the project.

Golden solar energy technology has announced an expected loss of between CNY 150 million and CNY 160 million for the six months ended June 30, 2024. Revenue for the first half was CNY 127 million, down about 18% compared to CNY 155 million for the same period last year . The company attributed its results to price competition in the first half of 2024. The company has invested in upgrading its existing heterojunction solar cell production lines to produce high-efficiency heterojunction back-contact PV products, which it plans to sell in the US and European markets.