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Home»Solar energy»Strong finances, new production capacities – pv magazine International

Strong finances, new production capacities – pv magazine International

Solar energy October 21, 20222 Mins Read
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TCL Zhonghuan, JinkoSolar and Tongwei all reported strong profit growth for the first three quarters of this year. CGL Integration and Space Solar, meanwhile, provided updates on their capacity expansion plans.

October 21, 2022 Vincent Shaw

GCL integration said its panel plant in Hebei province had reached a capacity of 15 GW. All of the site’s production lines are compatible with 210 mm wafers. October production is estimated at more than 1 GW. By the end of 2022, GCL Integration will have over 20 GW of factory module capacity.

solar space revealed plans to invest about 10.5 billion yuan ($1.4 billion) in a 16 GW solar cell factory in Chuzhou, Anhui province. The plant will be built in two 8 GW phases and will produce cells based on 182 mm and 210 mm wafers. The first phase should be fully operational by the end of this year. The manufacturer currently has a cell production capacity of 19 GW and 4.5 GW of module production.

TCL Zhonghuan said it posted revenue of 49.8 billion yuan in the first three quarters of the current fiscal year, up 71.35 percent year on year. It said its net profit rose 81% year-on-year to 5 billion yuan.

JinkoSolar said it expects its polysilicon unit, Jiangxi Jinko, to make a net profit of up to 1.55 billion yuan for the nine months to September 30, which would represent a 429.27% ​​year-over-year increase. JinkoSolar currently holds a 58.62% stake in Jiangxi Jinko.

Tongwei said its revenue for the first nine months of the year reached CNY 102 billion, up 118.6% from the same period in 2021. It said its net profit reached 21 CNY.7 billion.

This content is copyrighted and may not be reused. If you wish to cooperate with us and wish to reuse some of our content, please contact: editors@pv-magazine.com.

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