Letter from the Chinese PV industry: Longi will mass produce solar cells with back contact

Long said the HPBC 2.0 cell technology, which was launched in early 2024, is now ready for mass production. It said it plans to invest about CNY3.21 billion ($442 million) in a new project in Xixian New Area, Shaanxi province. The “Longi Green Energy Photovoltaic (Xixian New Area) Phase I” facility will have an annual HPBC 2.0 cell capacity of 12.5 GW. Production of the project is expected to start at the end of this year and full operations will start in June 2025.

Das Solar said it has started the second phase of its 10 GW tunnel oxide passivated contact (TOPCon) module project in Jingshan Economic Development Zone, Hubei Province. The factory covers more than 400,000 square meters and houses production lines for 10 GW of N-type TOPCon PV modules, along with 2 GW of solar cells and supporting infrastructure. Construction of the first phase began in November 2022 and production began in May 2023. By the end of 2023, the factory had already produced 3.18 GW of TOPCon modules. Construction of the second phase started in October 2023.

Irico Group New Energy said it expects between CNY1.95 billion and CNY2.05 billion in revenue for the six months to June 30, 2024, up 51% to 59% from the same period last year. It expects total profit between CNY 10 million and CNY 18 million, after a loss in the first half of 2023. Despite fierce competition, Irico attributed its strong performance expectations to technological innovation, product upgrades, factory cost reductions and efficiency measures.

Arctech Solar said in a voluntary disclosure that it has approximately CNY6.669 billion (excluding tax) in outstanding orders. Tracking systems account for approximately CNY5.549 billion of the total, up 183.11% year-on-year. Domestic customers account for approximately CNY 283 million of the total, while international customers account for approximately CNY 5.266 billion.

CHN energyThe subsidiary of Changyuan Power Co. has announced plans to issue shares to no more than 35 specific investors, including the controlling shareholder, to raise up to CNY 3 billion. It said it will use the capital to finance 10 planned PV plants with a total installed capacity of about 2.25 GW.